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Before buying a franchise, prospective franchise owners should ask several questions, including:<ul><li>Is this brand a good fit for their personality?&nbsp;</li><li>Will the franchisor support them?&nbsp;</li><li>Can they afford the financial component of the business?&nbsp;</li><li>Is there a demand for the product in their local market?</li><li>Can they follow the system in place?</li></ul>To answer some of these questions, prospects should outline their growth goals, financial capacity, skill set and ideal ownership environment and then look for industries and specific concepts that would be a strong fit. Through this first step, prospects need to make sure to seek out the help of a qualified&nbsp;<a href="https://1851franchise.com/franchisebrokerawards">franchise consultant</a> or&nbsp;<a href="https://1851franchise.com/2020s-top-franchise-legal-players-2713623">franchise attorney</a>. Once prospects have decided on a potential concept, the next step should be to reach out to the leadership team for more information. From there, they should carefully read the&nbsp;<a href="https://1851franchise.com/10-must-ask-questions-about-franchise-agreements-2708306">franchise agreement</a> and&nbsp;<a href="https://1851franchise.com/what-is-an-fdd-2705192">Franchise Disclosure Document</a> to ensure they know what they would be getting into.&nbsp;Related articles:<ul><li><a href="https://1851franchise.com/5-questions-to-ask-every-franchise-brand-2712013#stories">5 Questions to Ask Every Franchise Brand</a></li><li><a href="https://1851franchise.com/10-must-ask-questions-about-franchise-agreements-2708306#stories">10 Must-Ask Questions About Franchise Agreements</a></li><li><a href="https://1851franchise.com/questions-every-franchisee-should-ask-before-buying-11964#stories">Questions Every Franchisee Should Ask Before Buying</a></li></ul>

What Questions Should You Ask Before Buying a Franchise?

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No business opportunity should ever be rushed into, and prospective franchisees need to determine whether the concept is a good fit for their personal, financial and professional goals before signing on the dotted line.

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Children's Lighthouse

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Fitness Premier

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Strategic Franchising

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Sola Salons

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ABC News: Recession Risks Are Rising, Economists Say. Here’s What to Know.

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What Questions Should You Ask Before Buying a Franchise?

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