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Cleveland, Ohio— As more and more people decide to take more control of their lives and become franchise business owners, it’s important for them to realize what they’re getting into, long term. With the average length of franchise contracts being 10 years, it’s critical for anyone considering franchise ownership to make sure that they’re 100% comfortable with not only the terms of the agreement, but the entire franchise business concept. “The only way to make sure that the franchises you’re looking into are viable businesses to own is by doing superior due diligence,” according to The Franchise King®, Joel Libava, author of Become a Franchise Owner! The Start-Up Guide To Lowering Risk, Making Money, And Owning What You Do. (John Wiley & Sons, Publisher, December, 2011.) “There’s still quite a bit of uncertainty with regards to the US economy, and franchise buyers really need to make sure that they haven’t missed anything in their research,” Joel said. “One major mistake made during the due diligence phase of the franchise buying process could spell disaster,” he added. Joel just launched a new service that will be a real life-saver, (and definitely a money saver!) for anyone who’s’ about to sign a franchise contract, and send a large check in to a franchise company for the up-front franchise fee. It’s called, Before You Sign It. It’s located online http://www.beforeyousignit.com In his work as a franchise ownership advisor, Joel Libava has seen it all. He’s constantly amazed by the absolute lack of basic franchise business research being done these days by people who happily plunk down hundreds of thousands of dollars in order to be their own bosses. “Buying a franchise is not like buying a washing machine,” according to this rather straightforward franchising expert. Joel says “If you buy a washing machine that turns out to be a piece of crap, you can try to work out something with the store that you purchased it from. Even if you end up being stuck with it, in a worst-case scenario, you’d have to purchase another one, and you’ll be out $500 bucks. If you buy a franchise that turns out to be a lousy one, you’re out $150,000-$250,000 or more. It’s not like you can just return it.” Joel Libava has a point; it’s very difficult-- if not impossible--to get out of a 10-year franchise agreement. (Contract) “Franchise company CEO’s aren’t usually very open to the idea of refunding a $30,000 franchise fee, and then reimbursing a disgruntled franchisee for all of the out-of-pocket expenses he or she incurred at start-up,” Joel said. “It’s probably not going to happen,” he added. At www.beforeyousignit.com franchise buyers can arrange to have Joel Libava call them to make sure that they haven’t missed anything in their franchise research. Joel’s decided to only charge $100 for this service. Joel says that, “Franchise buyers can use my years of experience to make sure that they’ve left no stone unturned.” Joel said that, “Most people don’t know how to buy franchises. It’s not that they’re not intelligent…far from it. It’s just that they’ve never done it before. I’ve worked with thousands of franchise buyers, and I can easily pinpoint the things that they need to do that will help them lower their financial risk before they sign anything. Becoming a franchise owner can be a great thing. I’m just trying to make sure that today’s franchise buyers are doing what they need to do to get all the facts.” Considering the fact that the average franchise investment is upwards of $150,000, this serviceis a no-brainer for people that are about to put their faith in a franchise concept for the next 10 years of their lives. Go to www.beforeyousignit.com to learn more about this great service. Contact: Franchise Selection Specialists Inc.
thefranchiseking@sbcglobal.net
216-831-2610
http://www.thefranchiseking.com
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