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Can't find the Answer you were looking for?
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6030 page views
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Looking for answers regarding franchising
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1/19/2011 8:56 AM (PST)
I am interested in becoming a Franchisee, however I can not find any information on your company. I am unable to find any reviews or any franchise information except on websites like small business opportunity.com. How many total franchises exist? What fees are included in franchising besides the $5,000 investment fee? Is there a royalty fee? Can you send me more information regarding your company?
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1/20/2011 7:17 AM (PST)
Oscar, I'd be very careful about this "opportunity". If you can't find any info about the company what does that tell you? Business Opportunity and Franchise Frauds http://www.la.bbb.org/GIReport.aspx?DocumentID=62
Anyone considering a franchise as a way to start a business could do no better than start at the Federal Trade Commission website. Two publications available on the FTC's website, www.ftc.gov, offer excellent information and advice:
"Franchise and Business Opportunities" provides basic information. "Buying a Franchise: A Consumer Guide" provides an in-depth review of the Franchise Rule and the information that must be included in a disclosure document that a franchisor is required to provide to potential investors.
The Better Business Bureau especially encourages anyone considering a significant investment in a franchise or business opportunity to, as the FTC recommends, "visit current owners in person" (emphasis added). Spend time seeing the business in operation. This will assure that you don't become a victim of a common tactic used by business opportunity scammers, which is to hire "shills" to serve as references for the business. These shills can falsely claim to be happy owners of the business opportunity that is being marketed and make it sound like a wonderful opportunity, when in reality they are only helping an unscrupulous seller who wants your money.
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