Tips and Traps when Buying a Franchise

Download or read book Tips and Traps when Buying a Franchise written by Mary E. Tomzack and published by McGraw-Hill Companies. This book was released on 1994 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, Tomzack steers potential franchise buyers around the pitfalls, guiding them towards making a lucrative purchase. Spelling out what it takes to succeed, she helps would-be franchisees determine if the option is right for them. She reveals how to: find the right franchise and avoid the wrong ones; find the right location; match a franchise with personal finances and lifestyle; avoid the five most common first-year pitfalls; find the best sources for financing; choose a prime location; ask the right questions, so potential buyers can be sure not to lose money; navigate the legal maze; buy equipment; recruit and train employees; and mount local promotions. In addition, Tomzack covers ground-floor opportunities in subfranchising, international and home-based franchises.