Thinking of buying your own franchise? Before you take the dive, make sure to educate yourself about franchise ownership, especially if you’re a first-time franchisee. Don’t know where to start? Bloomin’ Blinds has a few suggestions as to what you should be asking when researching franchise opportunities.
Remember, you want to make sure this opportunity is mutually beneficial to both you and the franchisor – don’t be afraid to ask concrete questions and really get to know the management team and industry you’re researching.
How does the company support its franchisees?
When choosing a franchise, you want to make sure that as a franchisee you will be taken care of and have back-end support from the franchisor. This includes comprehensive training, financial management, branding and marketing support, access to other franchisees in the system and more.
Does this franchise make sense in your community?
Before signing a deal, co…