The Federal Trade Commission offers a great consumer guide to purchasing a franchise. The document is full of franchise business information and it gives some excellent advice for those who are looking for a business franchise opportunity.
The FTC states that “When you buy a franchise, you often can sell goods and services that have instant name recognition, and get training and support that can help you succeed.”
We couldn’t agree more. If you purchase a franchise you are purchasing a name and a reputation. You should choose a franchise with a reputation for excellence. And that gives you the opportunity to build on to an already established reputable company.
And the importance of seeking out a company that will give you all the training and support you will need. Without this, it’s a waste of your time and hard earned investment money.
They also stress the importance of asking the right questions of any company you are considering purchasing a franchise from. You need to know your rights as well as your limitations.
For instance, with Leather Medic, we protect the areas of our current franchisees. We don’t allow another Leather Medic to be opened within a certain radius of any other leather medic. We want to help protect our franchisees from competition.
They also suggest that you investigate as much as possible. You will want to make certain there is a market for the product you choose with little competition. That’s another benefit to choosing leather medic. Our franchisees are growing their businesses substantially because of the direct need in the market place for leather restoration professionals.
We support the FTC and their consumer guide mainly because we know the high standards we hold and how well they hold up.
For more information on an affordable franchise, please visit our Franchise Opportunities page at http://www.leathermedic.com/opportunities.
And for your own copy of the FTC consumer guide to buying a franchise please visit http://business.ftc.gov/documents/inv05-buying-franchise-consumer-guide.