Summary
Opening a franchise: educate yourself well before making a decision
Become franchise is an important decision that commits you, both personally and financially. It is essential to be well find out about the operation of the franchise, its remuneration, its profitability, its growth potential…
You have many sources of information with the French Franchise Federation and the annual Franchise fairs in Paris and Marseille.
Do not hesitate to speak to professionals around you who are used to managing franchises: banker, lawyer, chartered accountant… And of course, get information from the franchisees you may meet on a daily basis: bakers, restaurateurs…
Do not choose your deductible at random
You have to prepare. You go work hard to grow your business:
- choose an activity that you enjoy;
- make sure you have the necessary funds to start your business. Otherwise, study your debt capacity;
- get a clear idea about the city or even the neighborhood where you want to set up your business;
- estimate it local market. Will you spend the next 3, 5 or 10 years there? ;
- Don’t forget to talk about your project to your family. His support will be essential.
Find the right franchise
Once your preferences and possibilities have been defined, you need to find the good candorthe one with which you can flourish as a entrepreneur.
You can also consult our file for what type of franchise are you made?
The objective being to find the network where quality, originality and innovation will serve you, together with the know-how of the franchisor, to generate the best results for your business.
Finally, get involved!
When you will have found the franchise suitable for you, the franchisor will provide you, in accordance with the Doubin law of December 31, 1989the DIP: pre-contractual information document and the Franchise contract.
Once again, we can never advise you well enough study these documents with professionals such as your banker or accountant.
feel free to meet the franchisees which are mentioned in the DIP. They will tell you about their experience within the networks you wish to join. You can then sign your Franchise contract Knowingly.
Our tips:
When choosing your franchise, pay attention to the entry fees and the royalty paid to the franchisor. Too high, they could have a negative impact on your profitability.