How do I go about buying a franchise?
I need to start my own business. Where do I apply for a loan? Or how do I get a government grant? I have no down payment, but I have grade A credit, and virtually no debt.
Or how do I find a buisness partner, who maybe has the start up money. especailly if I don’t know anyone persoanlly.
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Tim said,
February 27, 2010 @ 8:58 pm
Contact the franchisor, they’ll help you with the qualifications.
Rich B said,
February 27, 2010 @ 9:30 pm
Most if not all franchises will require you to make an initial down payment so you will need to find some way to raise the money. Speak to your bank manager or a financial advisor.
If you are going to buy a franchise the most important thing is to make sure you make the right choice. Look at current and future profit potential, level of competition and what training and support is offered.