Franchise Opportunities Buffalo NY

Because his money is involved, a prospective franchisee must be extremely careful in scrutinizing franchise offers. He should have a ready set of questions that the franchisor must be able to answer convincingly and show basis for his replies. Some of the important questions to ask a franchisor are follow.

Brad A. Birmingham
140 PEARL ST STE 100
BUFFALO, NY
Specialties
Tax, Business, Franchising
Education
Syracuse University College of Law,Rochester Institute of Technology
State Licensing
New York

Paul Joseph Cieslik
(716) 849-1333
1472 EXCHANGE ST
ALDEN, NY
Specialties
Real Estate, Residential, Commercial, Franchising
Education
State University of New York,State University of New York
State Licensing
New York

Stuart Steinberg
1001 FRANKLIN AVE
GARDEN CITY, NY
Specialties
Real Estate, Licensing, Business, Litigation, Franchising
Education
Pace University School of Law,City University of New York, Queens College,City University of New Yor
State Licensing
New York

Barry Mark Kazan
250 PARK AVE
NEW YORK, NY
Specialties
Business, Franchising, Defective & Dangerous Products
Education
Georgetown University Law Center,Drew University
State Licensing
New York

David John Pollitzer
7 SOUTHWOODS BLVD
ALBANY, NY
Specialties
Corporate, Investment Fraud, Franchising, Real Estate
Education
St John's University School of Law,University of Pennsylvania
State Licensing
New York

Gregory R J Zini
(716) 856-5500
298 MAIN ST 298 MAIN ST STE 1000
BUFFALO, NY
Specialties
Bankruptcy, Business, Franchising, Intellectual Property
Education
University of Tulsa College of Law,State University of New York at Buffalo
State Licensing
New York

Thomas P Hartnett
(917) 853-7674
185 VARICK ST RM 605
NEW YORK, NY
Specialties
Business, Contracts, Franchising, Bankruptcy, Litigation, General Practice, Construction
State Licensing
DC, Maryland, New Jersey, New York

Harold L. Kestenbaum
(516) 745-0099
1320 REXCORP PLZ
UNIONDALE, NY
 
Christine M. Staiano
(631) 661-6800
181 W MAIN ST STE 103
BABYLON, NY
Specialties
Commercial, Administrative Law, Franchising
Education
Whittier College School of Law,State University of New York, Binghamton
State Licensing
New York

Jeffrey H. Epstein
(212) 790-9209
1133 Avenue Of The Americas Fl 35th
New York, NY
Specialties
Intellectual Property, Franchising, Litigation
State Licensing
New York

Franchise Opportunities

Because his money is involved, a prospective franchisee must be extremely careful in scrutinizing franchise offers. He should have a ready set of questions that the franchisor must be able to answer convincingly and show basis for his replies. Some of the important questions to ask a franchisor are:

How long has the franchisor been in the business? How many franchises are there at present? How many have failed? The answers to these questions will give the franchisee an overview of the business and its present franchise network.

Specifically, what will the franchisee get from paying the franchise fee? The franchise fee is usually a large sum of money paid to the franchisor once the agreement is signed. Therefore, it is important to know the advantages that the franchisee will be getting in return.

How intensive and effective are the initial and continuing training programs of the company for opening and running the franchise unit? The quality of the training programs of the company for start up operations and running the business smoothly will determine the ease or difficulty with which the franchisee will run his unit.

What support services can the franchisee expect from the company on an on going basis in terms of helping him deal with problems that may crop up in the course of the business? Continuing support from the franchisor is essential for the unit to run as projected. The franchisor must be able to enumerate in detail the support services that the company will provide in a variety of scenarios wherein the franchisee is confronted by different problems relative to the business. These problems may concern labour, customer complaints, equipment breakdown, and stock shortage.

Is the central management transparent in the appropriation of pooled funds for advertising and promotions? Did the past marketing programs of the company have a positive effect on sales? Part of the unit s revenues is paid to the franchisor for the company s advertising and promotions, therefore, the franchisee must know how well the company handles this fund and if its past marketing programs helped boost sales for its franchisees.

Is there a guarantee from the franchisor that the quality of the products and services offered by suppliers through him will be consistent and delivered promptly? The reliability of suppliers will be a big factor in the successful operation of the business. Hence, it is important that the franchisor is willing to guarantee the dependability of his suppliers and the quality of their products and services.

How long will it take the franchisee to recoup his investment? Naturally, every franchisee is very keen on knowing the company s projection on this matter. The franchisor s estimate must be supported by documents giving credence to his projection. However, it would be wise for the franchisee not to merely take the franchisor s word for it but to research on the matter with other franchisees.

How well has the company studied the marketplace in terms of the ideal number of franchises in a given area to ensure the success of each? Is there a guarantee that the company owned unit will not compete with the franchises? If it does, what will the company do? There are instances wherein the mother unit directly or indirectly competes with its franchise perhaps due to lack of a proper market study. In any such case, the company must be prepared with a viable solution that will be beneficial to both parties.

How receptive is the company to the idea of adapting its products and systems to the culture and preferences of the market in a given location? If the franchisee is considering a business site wherein the culture and preferences of the people are markedly different from that where the mother unit and other franchises are located, it would be detrimental to the success of the franchise if the company will persist in strictly adhering to its original product line.

A franchisee must carefully list the questions before arriving at the final decision. The aforementioned questions are only some of the most basic among the crucial questions that a sensible franchisee must ask. The manner by which the franchisor answers them can help determine the level of his sincerity. In addition to asking the franchisor, the franchisee will be able gather valuable insight into the actual state of the franchise from the other franchisees themselves. More often than not, they are more than willing to share their problems, frustrations, and advice. Asking the right questions will certainly help the prospect make the right decision

Matthew Anderson is a franchise consultant and founder of The Franchise Shop, a UK business franchise directory featuring everything from Van Franchises through to Internet Franchises and Dating Franchises. http://www.the-franchise-shop.com



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