You should have a clear understanding of what the applicable exceptions and conditions are of using the branding associated with your business. You should also ask whether the franchisor owns patents or copyrights on the equipment you will be using or the products you will be vending.

Will you be required to lease signs, fixtures or equipment and, if so, are the cost-prices are reasonable? You should ask whether the franchisor provides in-house financing and what the terms are. Additionally, find out whether any additional fees beyond those discussed in the initial documentation are required. 

Franchisors are always willing to train their franchisees in all aspects of the business. Their job is making business-owners out of their franchisees, offering  operations training and an established business model. You can choose the business you want, get educated about it and then set to making money.

Have you been told the success rates of existing franchisees, and will the franchisor provide you with their names and areas? Will you be given solid data on actual, average or forecasted sales, profits or earnings? If the franchisor is less than forthcoming about this, it is a warning sign.

Are there any variances allowed by the franchisor in their agreements. If so, what are they? Fnd out if you will be compensated for the goodwill you build into your franchise if you decide to sell it back to the franchisor under the right of first refusal. 

Seek help from business bureaus to know more about the franchisor. In the USA, the Better Business Bureau,  in Great Britain you can check with the Office of Fair Trading. They can tell you if your franchise is a hoax or scam and if any complaints have been filed against that vender. Carry out a background credit check on the corporate officers of the provider. 

You will need sufficient savings to keep you and your family for one year while the business gets off the ground. New businesses tend not to break even for at minimum one year, and franchises are no exception. Decide whether you will retain your current occupation while your franchise is in this pre-profit stage. You will also lose the any benefits you get in your current employment if you leave. Not everybody is cut out to run their own franchise businesses. 

Everyone wants to make money and not have to do too much labour. This is a pipe-dream. Most persons who have a successful company or who are successful in their job usually work very hard and make numerous sacrifices to make the cash that they do. 

Individual small business owners lack adequate resources to do extensive advertising or even to maintain inventory at bulk levels but franchising allows entrepreneurs access to the franchisor's backup system so they can collectively achieve a greater return.