Franchising is a great business system, one where you combine a great system for running a business and producing a profit, with great people who have an equity interest and thus will do a much better job. That said, it doesn't mean every company on the planet is able to be franchised, or franchised well.
So, here are the top eight things to consider if you're thinking of building or buying a great franchise …
1. How many other same type franchises are out there?
Chances are if there is a lot of competition, two things are present, the best 'sites' are taken and when you are looking to sell a franchise they will compare you with every similar company.
2. How many people want to buy a business in the areas you are trading?