Questions Every Franchisee Should Ask before Investing
The franchise industry in Delhi-NCR is on a roll. Be it quick-service restaurant chains like McDonald’s or KFC or salon chains like Lakme, Looks or Monsoon Salon & Spa, there is a sudden demand, with a host of new franchises being formed. As with any other investment, the burden is on you to research a franchise carefully. Here are few questions you should ask before buying a franchise, even an established one. Don’t be afraid to ask about the franchise’s plans:
- Are they planning to open company-owned stores as opposed to franchise outlets? Make sure they can’t put a company-owned store in your territory.
- Will they solicit customers directly via the Internet or a toll-free telephone number? Make sure the franchise will pass on to you any inquiries they may receive directly from customers in your territory.
- Will they offer new products and services through a separate, related franchise under a different trademark?