Whatever your goals in entrepreneurship are, it is more than likely that you will need to get a bank loan to achieve them. Think of it this way; you are
Research and due diligence are at the heart of good preparation for a franchise purchase, and it’s no different when prepping for the franchise finance aspects. Take some simple steps
“A Cheat’s Guide? What’s that?” Well, it’s certainly not a guide to cheating in a franchise. It’s about helping you know some of the smart things to look at on the numbers side when you’re buying a franchise.
There has been a lot of discussion recently regarding the importance of performing due diligence, but as a first-time franchisee, you may be asking yourself, “What does that actually mean?”.
Franchisees can often pay different amounts of tax depending on what industry the franchise is in and more importantly what business structure they are using.
So you’ve found the business of your dreams and it’s for sale. Before you go ahead and make an offer to purchase, it is critical you understand (and trust) the numbers.