There are 30 questions that the FBA recommends for a prospective franchisee to ask a franchisor before making an investment into a brand.
A prospective franchisee should never solely rely on any person or entity to conduct a prospective franchisee’s due diligence. The prospective franchisee should always conduct his or her own due diligence. Download the document below to get a list of questions that would be prudent to ask the existing franchisees within the system when you are making calls to them as part of your evaluation process. These questions will provide you with a framework to utilize so that you may keep the conversation structured and consistent with all of the franchisees you contact. In addition, here is a list of questions to ask the franchisor or their representative during your due diligence.