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Ross Forrester
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bianchi, post: 252569, member: 99013 wrote:
Dear Ross,
Thanks for the reply,
Yes, that was I had been through,

I researched a bakery franchise and almost bought it, a year ago
I will not tell the brand for a polite reason.
I was thinking if I build from the scratch, the cost will be the same with
franchise, but there’s a catch,
I’m not sure if that franchise is competitive and reliable or not ?
That’s my question.
How can we test if the franchise is reliable ?

Because the startup for a franchise is expensive for a tiny bussines, but I got the complete operating system, there are positive and negative side of course,

Anyway thanks for the comment.
Bianchi,

It is a big committment.

You have to research the franchise and the area you intend to start with. Sadly a franchise is no guarantee of success.

So it is mainly research. The best people to talk to are those who terminated or left the franchise within the last 5 years. You want all of the bad stories before the good ones.

There are also research groups for data like foot traffic. These are normally closed groups and you will need to pay a lot for it or have a relationship with somebody who will pass it onto you.

The due diligence is quite involved.