Sunday, September 1, 2013

Buy "Hot" Franchises Without Getting Burned


Buy Hot Franchises Without Getting Burned

People look to buy a franchise business often want to know:
  • What's the franchise business failure rate?
  • What's the success rate?
  • How many franchisees are satisfied with their franchisors?
  • How many franchisees are earning at least $150,000 a year?
  • How many franchisees, if given the chance, would choose to buy their same franchise again?
It's a quick and easy read (70 pages). Easy to assimilate and apply.  No one should buy a franchise before reading this book!  Dr. Hayes presents the fundamentals of franchising in Cliffs Notes version with all the right questions to ask when doing your due diligence.  Hayes includes a 'Checklist' of questions to ask the franchisor.  This alone is worth its weight in gold.  I enjoyed the process of how to validate the franchise business by interviewing franchisees and vendors.  You can't imagine how helpful this can be! Available on Amazon.


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