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Franchises for Sale: How to Buy the Rights to a Brand?

FRANCHISES FOR SALE: HOW TO BUY THE RIGHTS TO A BRAND? DO YOUR RESEARCH The first step to buying a franchise is research, which is the foundation of any business venture. Research for a franchise is a multi- faceted endeavor that involves market study to determine the industry APPLY TO THE FRANCHISOR Once you are sure of the franchise that you want to buy, next comes applying to the franchisor. It's at this stage that you need the guidance of a legal professional to simplify the regulatory compliances. ΜΕET UITH THE FRANCHISOR After the application process is done, the corporate representative of the franchise will have an initial meeting with you which is standard protocol. ARRANGE YOUR FINANCES Arranging the finances to buy a franchise is an ongoing process that takes place through the initial steps. You can either get a loan from a bank or a financier. BE ΤOROUGH UIΤΗ THΕ FDD The franchisor must provide you with an FDD (Franchise Disclosure Document) detailing the business plan, operations, training program, and essential information concerning the other franchise and owning of the same. For more details

Franchises for Sale: How to Buy the Rights to a Brand?

shared by franchisingmaga... on Jul 15
Owning a franchise offers an opportunity to aspiring entrepreneurs to own the rights of running an established business by leveraging its operational infrastructure, market reputation, and brand image...




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