Business Franchise Summer 23

Business Franchise (Summer 23)

In Business Franchise (Summer 23) we discuss how to find the right franchise opportunity for you.

Our managing consultant Phil Mowat explains the importance of doing your research in order to make the right decision when buying a franchise – due diligence is vital. Read on to discover what questions you should be asking.

Download the digital magazine to read the article.

Alternative questions to ask a franchisor

Looking for some trickier questions to ask a franchisor? Here are some alternative suggestions:

Business Operations and Support

  • What sets your franchise apart from competitors in the same industry?
  • What ongoing training opportunities are available for franchisees?
  • How do you handle underperforming franchise locations?

Financial and Investment Considerations

  • What kind of initial and ongoing financial reporting is required from franchisees?
  • What financing options are available, and do you have relationships with lenders?
  • How are marketing and advertising contributions allocated and used?

Market and Competition

  • Can you describe a typical demographic profile for a successful franchise location?
  • What market research do you provide to new franchisees?
  • How do you stay ahead of industry trends and adapt to market changes?

Legal and Compliance

  • What are the key legal obligations of a franchisee beyond the franchise agreement?
  • How is the franchise agreement enforced, and what are the consequences of non-compliance?

Franchisee Relationships

  • How do you foster a sense of community among franchisees?
  • What forums or platforms are available for franchisees to share best practices and feedback?
  • What is the average tenure of your franchisees, and why do they choose to stay or leave?

Long-term Vision and Growth

  • What are your expansion plans for the next five to ten years?
  • How do you plan to evolve the brand and its offerings in the future?
  • What opportunities exist for franchisees to influence the direction of the franchise system?

Looking for some more advice? Have a look at our Buy a Franchise section.

    Close

    How can we help you?


    Please fill in the form and we’ll get back to you as soon as possible or to speak to one of our experts call
    0330 016 0028





    that my data will be held for the purpose of my enquiry in accordance with Ashtons
    Privacy Policy.

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    How can we help?

    If you have an enquiry or you would like to find out more about our services, why not contact us?