Many budding entrepreneurs have dreams of being a franchisee.
Opening a business that already has an established brand and positive reputation seems like a better way to assure success instead of attempting to start a business from scratch. This may be true but a franchise costs considerably more than starting your own business in most cases so proper due diligence at the beginning stages is a must.
The first thing you must do is get a copy of the Franchise Disclosure Document (FDD). This contains some key information in which to start your due diligence. Often, you’ll have to answer some basic questions before the franchisor will provide this to you but this can be done online in most cases.
Once you have a copy of the FDD, here are the key places to look:
Line 20: Unit Counts… read full article.