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5 Things You'll Be Glad to Know Before Buying a Franchise


Jennifer & Matt Lucas with 5 Things You'll Be Glad to Know Before Buying a Franchise


We were recently featured by Authority Magazine for a story called "Five Things I Wish I Knew Before Opening A Franchise."


We absolutely loved the opportunity to work with Cynthia Corsetti, Yitzi Wiener, and the whole editorial team. They asked some really great questions about franchising - and uncovered some great pitfalls to avoid, must-know tips, and success stories. We weren't the only ones they interviewed. They also interviewed several successful serial franchisees to get their perspectives.


If you missed the article - here's a recap of what we believe are the 5 Things You'll Be Glad to Know Before Buying a Franchise:


  1. Research is key - Research multiple franchise opportunities and do a very deep dive on the few that interest you the most.

  2. Financial planning is essential - It's more than just finding funds to invest, be sure to build a clear picture of what your ROI will look like and when you may be profitable.

  3. Support matters - One of the single biggest advantages of a franchise is the support they provide. Great franchises provide business support and a network of like-minded franchisees.

  4. Location is everything - Be sure to look deeply at the available markets, analyze the competitive landscape, and see how other businesses are doing.

  5. You don't have to do it alone - There are professionals out there to help you every step of the way.



Read the full "Five Things I Wish I Knew Before Opening a Franchise" article. Tell us what you think!

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About the Authors

Jennifer & Matt Lucas Owners of The Franchising Company.jpg

Hello! We’re Jennifer & Matt Lucas, we’ve been helping people like you find the perfect franchise for over a decade. We absolutely love helping you navigate the journey to franchise ownership. Helping you not just find the perfect business, but discover your passion and goals for business ownership is what we love about what we do! 

 

We hope our franchise resources will help you, and we hope to quickly become your new favorite franchise experts! If you have more questions, don't hesitate to ask!  

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