Buying a franchise is an expensive proposition with a lot of risk, no matter what they tell you. It’s definitely a “Buyer Beware” situation. You have to do your homework to find out the real situation. I recently watched a special program on CNBC about it that was very informative. They will probably run it again, and I highly recommend it.
You can also educate yourself about franchises at the link “Franchise Warnings” posted in the Favorite Sites section on the right side bar of Square Pennies.
The bottom line is: don’t risk your life savings and get a good lawyer with lots of experience dealing with franchises before you sign anything. Your family lawyer is not good enough for this.
Click title for link at CNBC.