0874 - Buying a Franchise: Is it Right for You?
5539539
UGA SBDC Training
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Course Description
Buying a franchise can provide a proven business model, but it does not guarantee success.Before investing in a franchise, prospective owners must understand the advantages, limitations, financial commitments, and risks involved. This workshop examines the realities of franchise ownership, including how to evaluate franchisors, assess financial requirements, review critical franchise documents, and determine personal readiness for ownership. Participants will gain practical insights to help them conduct thorough research, make informed decisions, and identify franchise opportunities that align with their goals, resources, and risk tolerance.
Learner Outcomes
- Evaluate the advantages and disadvantages of purchasing a franchise
- Assess franchise opportunities, franchisors, and key financial requirements before investing
- Research and analyze important franchise documents, including the Franchise Disclosure Document (FDD)
- Determine whether franchise ownership aligns with financial resources, skills, goals, and risk tolerance
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