Key Things to Consider When Evaluating a Franchise Opportunity

There are a lot of entrepreneurs who are dying to get their feet wet. Before diving in head first, you need to survey the waters. While we admire boldness, investing blindly in a business venture could prove disastrous. Franchises offer entrepreneurs a sense of security lacking in risky startups. To be successful, there are certain things to consider and specific questions to ask when buying a franchise.

How much capital is required? It’s crucial to assess how much capital is required and, more importantly, make sure you’re clear on what expenses this capital covers.

What are the financing options? Weigh the pros and cons of your financing options. Some banks offer packages that are enticing upfront; however, they could end up costing you in the long run.

What legal agreements are required? Before you sign, you should have any legal document or agreement verified by a lawyer. He or she will be able to translate the legal jargon into easier-to- understand terms.

What’s the franchise’s track record? A little research online will tell you about the franchise’s reputation and success record.

Does the franchisor have a good marketing program? Look closely at the methods the franchisor uses to advertise in new and existing markets. Do they offer training? Do they have marketing material?

With a nationally acclaimed brand like bluefrog Plumbing + Drain™, you’ll always get the most out of your investment. We offer proven training and ongoing support. Since we’re committed to helping our franchisees reach their full potential, we'll be there to help every step of the way. The success of your business is our main priority, so “hop to it,” and call us at 888-490-9850 to get started!

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