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Ask Dave

Franchise or Not?

Dave has two bits of advice for Scott as he considers turning his small business into a franchise.

QUESTION: Scott and his wife have a successful business and have been approached to franchise.  What should they do?

ANSWER: 1.    Find a franchise attorney and spend $2,000 to get some insight on the process.
2.    Find someone who has sold their business to a franchise and learn as much as you can from them.