Performing due diligence is as important when buying a franchise as it is for any other type of investment. This article suggests one valuable (but often underused) source of information in the diligence process: existing and former franchisees. The article explains that many of these franchisees will have strong opinions about what the franchise system does well and what it does not do well, and learning their takes on these matters will help you make a more informed investment (or, alternatively, an informed choice not to invest).
- Summary by FizzLaw Team
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Existing Franchisees Can Be A Valuable Resource To A Prospective Franchisee