Things to Consider Before Buying a Franchise-Checklist

1. Things to Consider Before Buying a Franchise A Handy Companion for Research, Tours & Conversations with Brokers Whether you're just exploring or ready to make the leap into franchise ownership, this checklist will help guide your thinking, ask the right questions, and avoid costly mistakes. INITIAL SELF-CHECK: Are You Ready? Question Yes No Notes Am I passionate about running a business, not just the product? Do I understand the day-to-day role of a franchisee? Am I financially prepared for both startup and ongoing costs? Do I have the time and energy to commit full-time (if needed)? Am I comfortable following someone else's proven system? ___________________ ___________________ ___________________ ___________________ ___________________ FRANCHISE RESEARCH Task Done ___________________________ ___________________________ ___________________________ Notes Researched industry trends and growth potential Reviewed multiple franchise opportunities Compared investment levels and expected ROI Visited franchise listing platforms like azibiz.com & bestbizfinder.com Requested and reviewed the Franchise Disclosure Document (FDD) Spoke with current and former franchisees ___________________________ ___________________________ ___________________________ FINANCIAL CONSIDERATIONS Question Yes No Notes Do I fully understand the total investment required (initial + recurring)? _________________

2. Question Yes No Notes Have I reviewed the royalty fees, marketing fees, and other ongoing payments? Do I have funding or financing lined up? Have I consulted a financial advisor or accountant? Is the franchise profitable in markets similar to mine? _________________ _________________ _________________ _________________ LEGAL & CONTRACTUAL REVIEW Task Done _________________________ Notes Reviewed FDD thoroughly (or with a franchise attorney) Understood contract length, renewal options, and exit clauses Clarified territorial rights and exclusivity Asked about litigation history or franchisee disputes _________________________ _________________________ _________________________ FRANCHISOR SUPPORT & TRAINING Question Yes No Notes Is there comprehensive onboarding/training provided? Do they offer ongoing support and resources? Is marketing assistance available (national and local)? How responsive and helpful is their support team? __________________________ __________________________ __________________________ __________________________ LOCATION & MARKET Task Done __________________________ __________________________ __________________________ __________________________ Notes Researched local market demand Compared competitors and similar businesses in the area Verified if the territory is protected or shared Reviewed demographic fit with target customer MEETING YOUR BROKER

3. Before meeting your business broker or franchisor rep, bring this checklist and ask: •What sets this franchise apart from others? •What are the top reasons franchisees succeed (or fail)? •What does a typical day look like for a franchisee? •Can I speak with other owners in the network? FINAL THOUGHTS: TRUST YOUR GUT Are you excited, not just informed? Do the numbers make sense—and feel sustainable? Are you comfortable with the risk and the commitment? Buying a franchise is a big step—but with preparation, it can be incredibly rewarding. Ready to start exploring? Compare franchise listings, research industries, and connect with verified sellers at: azibiz.com bestbizfinder.com