Franchisee
HomeTeam Inspection Service
U.S. Air Force (1987-2009)
AFSC: B-2 Bomber Pilot (11B3B)
Advice:
1) Thoroughly research the parent company and the industry; pay particular attention to the relationship between the franchisor and the franchisees and make sure the relationship is truly symbiotic and supportive.
2) A franchisor will recommend you contact a handful of franchisees to get a feel for the business. These are the shining stars and will be very upbeat and positive about business. Make sure you also call a random sampling of the others to give you a glimpse of friction points.
3) Build a three- or four-year budget based on income and expense information from current franchisees. While not a guarantee, it will give you a very good idea of potential profitability and may help tip the scales one way the other.