Prospective franchisees should conduct thorough due diligence before committing to a franchise. This includes:
Reviewing the FDD to understand all costs and fees associated with the franchise. Speaking with existing franchisees to gauge their satisfaction and experiences. Evaluating the franchisor's track record, brand strength, and market potential. Considering the level of support and training provided by the franchisor.
By carefully assessing these factors, potential franchisees can make an informed decision about whether the franchise fee and overall investment offer a promising opportunity for success.