What to Consider Before Buying a Franchise
In this video, you get answers to these questions:
0:00 - Introduction
0:34 - What are the different types of franchisers and ways they make money?
1:58 - How do franchise brokers get paid?
2:20 - Who do franchise brokers target when seeking to sell a franchise?
3:21 - Should you sign a personal guarantee or have your spouse co-sign?
4:36 - What are the key terms you should consider in your franchise agreement?
4:57 - Which terms are problems when the business goes under?
5:27 - What problems can arise in trying to sell your franchise years later?
6:26 - How do noncompete agreements play a role in selling a franchise?
7:36 - What does a franchise attorney do for those buying a franchise?
8:05 - Outro
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