1851

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?

1851 Franchise

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.

what-questions-should-you-ask-before-buying-a-franchise

Sylvan Learning

Sylvan Learning - Empowering Women in Education - Susan Valverde - Denise Tompkins - Jessica Rollins

Empowering Women in Education: How Sylvan Learning’s Female Leaders Are Making an Impact

sylvan-learning-empowering-women-in-education

Shuckin' Shack

Photo of Shuckin' Shack team gathered in a room for the brand's State of the Union

Shuckin' Shack Oyster Bar Franchise Partners Unite for Annual Conference Focused on Innovation, Growth, and Giving Back

shuckin-shack-franchisees-unite-for-annual-conference

Integrity Franchise Group

Why Attending Franchise Conferences is Crucial for Your Business Success

why-attending-franchise-conferences-is-crucial-for-your-business-success

Pool Scouts

Women Entrepreneurs Thriving With Pool Scouts: Celebrating Women’s History Month

women-entrepreneurs-thriving-with-pool-scouts-celebrating-womens-history-month

Dog Training Elite

Dog Training Elite - Chris Bergman - Dog Training Tips - National Dog Training Education Month

2News Nevada: Dog Training Expert Provides Tips for National Dog Training Education Month

dog-training-elite-chris-bergman-expert-tips

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

Login

facebook

instagram

twitter

linkedin

youtube

NRA: Restaurants Focus On Enhancing In-Store Experiences To Attract Diners in 2025

nra-restaurants-focus-on-enhancing-in-store-experiences-to-attract-diners-in-2025

The Joint Chiropractic - Dr. Anthony Tran - IFA Franchisee of the Year - 1851 Franchise

The Joint Chiropractic’s Dr. Anthony Tran Named Franchisee of the Year by the IFA

joint-chiropractic-dr-anthony-tran-ifa

TruGolf - Hybrid Golf Franchise - Nexus Golf - 1851 Franchise

TruGolf Links Unveils Revolutionary Hybrid Golf Franchise Concept

trugolf-links-unveils-revolutionary-hybrid-golf-franchise-concept

Photo of a basket of chicken wings with dipping sauce and celery

RestaurantNews: Franchisees File Comprehensive Legal Complaint Against Hurricane AMT

restaurantnews-franchisees-file-comprehensive-legal-complaint-against-hurricane-amt

Hooters - Bankruptcy Chapter 11 - 1851 Franchise

Hooters Prepares for Bankruptcy Amid Financial Struggles

hooters-prepares-for-bankruptcy-amid-financial-struggles

Paris Baguette Ranks Among Top Franchises on Entrepreneur’s Franchise 500® for 2025 - 1851 Franchise

Paris Baguette Ranks Among Top Franchises on Entrepreneur’s Franchise 500® for 2025

paris-baguette-ranks-among-top-franchises-on-entrepreneurs-franchise-500-for-2025

DOJ FTC Antitrust Guidelines - Franchise News - 1851 Franchise

DOJ and FTC Issue New Antitrust Guidelines with Implications for Franchising

doj-and-ftc-issue-new-antitrust-guidelines-with-implications-for-franchising

Taco Bell Joins the Beverage Boom With New Live Más Café Concept

taco-bell-joins-the-beverage-boom-with-new-live-mas-cafe-concept

Franchisee spotlight featuring Ian and Dick Rydholm with gradient blue background and Sylvan logo

Ian and Dick Rydholm Celebrate 30 Years of Transforming Lives Through Sylvan Learning in El Paso, Texas

ian-and-dick-rydholm-celebrate-30-years-of-transforming-lives-through-sylvan

Florida Franchisee Reflects on Success and Growth with Sylvan Learning

florida-franchisee-reflects-on-success-and-growth-with-sylvan-learning

Domonique Downing - Big Frog Franchise - Fayetteville, GA - 1851 Franchise

Coca-Cola Scientist Finds Path to Autonomy with Big Frog Franchise in Fayetteville, Georgia

big-frog-franchise-fayetteville-georgia

Franchisee spotlight image with Randy and Sandy Craft, Children's Lighthouse logo on blue background

The Crafts’ Successful Journey from New Parents to Children’s Lighthouse Franchisees

the-crafts-successful-journey-from-new-parents-to-childrens-lighthouse-franchisees

Military Veteran and Craft Beer Enthusiast to Bring Voodoo Brewing Co. to Toledo, Ohio

military-veteran-and-craft-beer-enthusiast-to-bring-voodoo-brewing-co-to-toledo-ohio

What Questions Should You Ask Before Buying a Franchise?

MORE STORIES LIKE THIS