Franchise Opportunities Corcoran CA

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.

Mark E McKeen
(415) 856-7075
55 Second Street Twenty-Fourth Floor
San Francisco, CA
Specialties
Bankruptcy, Financial Markets And Services, Franchising, Intellectual Property
Education
University of California at Los Angeles School of Law,Stanford University
State Licensing
California

Terry L. Polley
(818) 553-1300
500 N BRAND BLVD STE 1670
GLENDALE, CA
Specialties
Real Estate, Franchising, State, Local And Municipal Law, Employment
Education
College of William and Mary, Marshall-Wythe School of Law,University of California at Los Angeles
State Licensing
California

James Edward Bachor
711 S BREA BLVD
BREA, CA
Specialties
Business, Franchising, Environmental, Residential, Real Estate
Education
Western State University College of Law,University of Toledo, Ohio,University of Toledo, Ohio
State Licensing
California

John C. Gorman
210 N 4TH ST STE 200
SAN JOSE, CA
Specialties
Litigation, Real Estate, Business, Franchising
Education
Stanford Law School,University of Illinois College of Law
State Licensing
California

Brian Cole
(310) 980-8814
P. O. Box 3513
Manhattan Beach, CA
Specialties
Franchise Law
Education
Undergraduate : Rice University
Law School : University of Texas
Admitted To Bar : 1981
Professional Memberships
ABA Forum on Franchising; California State Bar; Los Angeles Bar

Data Provided by:
Thomas Michael Regele
444 S FLOWER ST WELLS FARGO BLDG
LOS ANGELES, CA
Specialties
Business, Commercial, Real Estate, Franchising, Employment
Education
University of California, Hastings College of the Law,California State Polytechnic University
State Licensing
California

Nicholas James Yocca
19900 MACARTHUR BLVD STE 650
IRVINE, CA
Specialties
Securities Offerings, Mergers & Acquisitions, LLC, Tax, Business, Commercial, Contracts, Employment, Corporate, Intellectual Property, Partnership, Copyright Application, Trademark Application, Venture Capital, Debt Agreements, Entertainment, Franchising
Education
University of San Diego,Harvard University
State Licensing
California

Dawn Newton
1221 BROADWAY STE 21
OAKLAND, CA
Specialties
Litigation, Franchising, Intellectual Property
Education
Univeristy of California, Hastings College Of Law,University of California - Berkeley
State Licensing
California

David Carl Gurnick
(818) 907-3285
16633 VENTURA BLVD
ENCINO, CA
Specialties
Franchising, Trademark Application, Copyright Application, Government, Litigation
Education
University of California at Berkeley, Boalt Hall School of Law,University of California - Los Angele
State Licensing
California

Don Michael Drysdale
3501 JAMBOREE RD STE 6000
NEWPORT BEACH, CA
Specialties
International Law, Franchising, Business
Education
California State University at Northridge,Univeristy of California at Los Angeles,Ventura College
State Licensing
California

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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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