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10 Sample Questions To Ask When Investigating A Franchise System

Knowledge is power – so be prepared and know what questions to ask at The Franchise Show.

1. Are you a member of the Canadian Franchise Association (CFA)?
   
2. How many years has the franchisor been operating? How many units do they have overall?
   
3. How does the franchisor choose franchisees? How are qualifications reviewed?
   
4. What makes the franchisor's product or service unique?
   
5. What kind of support and advice, including advertising, marketing and promotional assistance,does the franchisor provide franchisees?
   
6. Does the franchisor choose the location or does the franchisee?
   
7. Will you be provided with a disclosure document? Does it comply to provincial laws in Alberta/Ontario/PEI or CFA's minimum disclosure requirements?
   
8. How much is the initial franchise fee?
   
9. What is the anticipated period of time between start-up and profitability?
   
10. What are the future plans of the franchise?