The Federal Trade Commission is a federal agency whose mission is to protect consumers from unfair and deceptive business practices and promote fair competition in business. In keeping with its mission, the FTC has prepared a Consumer’s Guide to Buying a Franchise to help potential buyers evaluate franchise opportunities. This guide provides suggestions on how to shop for a franchise opportunity, including what questions to ask before investing; this can help you decide if a franchise is a good fit for you.
Is a Franchise Such as Samurai Sam’s® Right for You?
To determine if a specific franchise is right for you, the Guide suggests you consider how much money you are able to invest, your skills and what your goals for owning a business entail. Questions to ask yourself include:
- How much money are you able to invest and how much could you afford to potentially lose?
- Will you be purchasing the franchise with partners or by yourself?
- Will you need financing and will you be able to obtain financing?
- Do you have money to live on until your franchise opens and turns a profit?
- Will this franchise require you to obtain special training?
- Do you have experience owning or managing a business?
- Why do you want to buy a certain franchise?
- Do you require a specific minimum income?
- Will your franchise be your main source of income?
- Will you operate the business yourself or hire a manager to run it?
- Do you plan to be in this for the long term?
While buying a Samurai Sam’s franchise can be a good opportunity, consulting the FTC Guide to Buying a Franchise can help you determine if this is the right opportunity for your situation and your business goals.
©2017 Kahala Franchising, L.L.C. All rights reserved. All other trademarks referenced are property of their respective owners. The information provided herein is for informational purposes only and is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise; nor is it directed to the residents of any particular jurisdiction within the U.S. or elsewhere. The following states currently regulate the offer and sale of franchises: CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, and WI. If you are a resident of one of these states, or of a jurisdiction that has similar requirements, we will not offer you a franchise until we have completed the applicable registration or obtained the exemption from registration, and completed the applicable disclosure requirements. Regardless of what state you reside in, an offering can only be made by a franchise disclosure document.