9 Points for your franchise checklist, Ectoday.co.za – Eastern Cape Today
1. Get approved by the franchisor: Identify a franchise that you are interested in. Get hold of the franchisor and complete their franchise application form. Usually, you can get this form on their website.
2. Know your Franchisor: Get the franchisor to provide you with all information on their requirements and the support they give to their franchisees. What are the franchise fees and how much of the fee must come from you? Usually, you must have a personal contribution of 10 to 20 percent of the fee. You can then apply for the rest of the fee to funders. There are empowerment programmes that you can apply to help you meet high deposit requirements.