Go through the below checklist when you do your franchisee research:
- Are you satisfied with the franchisor?
- Is your franchise profitable and have you made the profit you expected to make?
- Are your actual costs those stated in the offering circular?
- Is the product or service you sell of good quality?
- Is delivery of goods from the franchisor adequate?
- How long did it take you to break even?
- Was the training provided to you by the franchisor adequate?
- What is your assessment of the training provided?
- Is your franchisor fair and easy to work with?
- Does your franchisor listen to your concerns?
- Have you had any disputes with your franchisor? What were they and were they settled?
- How was your settlement accomplished?
- Do you know of any trouble the franchisor has had with other franchisees? If so, what was the nature of the problem?
- Do you know of any trouble the franchisor has had with the government or local authorities?
- Do you know of any trouble the franchisor has had with competitors?
- Are you satisfied with the marketing and promotional assistance the franchisor has provided?
- Have the operations manuals provided by the franchisor helped you? What do you think of them?
- Are the manuals changed frequently? If so, why?
- Other comments you would like to make.