---
title: 4 questions to consider when buying a franchise
description: Explore the 4 questions you should consider when buying a franchise and becoming a franchisee.
image: https://blog.jpabusiness.com.au/hubfs/1.%20Images/1.%20Stock%20Images/contract_signing_legal.jpg
---

 08 July 2016

# 4 questions to consider when buying a franchise

WRITTEN BYJames Price | JPAbusiness

![buying a franchise](https://blog.jpabusiness.com.au/hs-fs/hubfs/1.%20Images/1.%20Stock%20Images/contract_signing_legal.jpg?width=638&name=contract_signing_legal.jpg "buying a franchise")

Buying a franchise may, on the surface, seem exactly the same as [buying a business](https://www.jpabusiness.com.au/business-transactions/buying-a-business).

Principally they are the same, except with a franchise the brand and business operational model has been systematised.

While the operational and other support mechanisms that come with a franchise are appealing when compared to an independent business, it’s important to consider the additional requirements and costs you may have to meet.Below are **four critical questions for people considering buying a franchise:  
**

1. Are you clear on the pros and cons of buying a franchise?

2. Do you understand the **candidate assessment process** and what the franchisor is looking for in a franchisee?

3. Have you considered the risks and opportunities associated with a **greenfield franchise opportunity** (at a new site) **versus** purchasing an **existing franchise?**

4. Have you factored in all the **costs **of the franchise opportunity, for example:

- franchise fees
- marketing expenses or contributions
- reviews
- refreshes or fit-outs
- reporting and systems obligations and restrictions
- product supply and ordering requirements?

If you would like support in considering a franchise opportunity, please [contact JPAbusiness](https://landing.jpabusiness.com.au/contactus) for an obligation-free consultation.

 

![Buying a franchise planning sheet](https://blog.jpabusiness.com.au/hubfs/1.%20Images/4.%20Document%20cover%20images/Checklist%20and%20template%20covers/Buying%20a%20franchise%20planning%20sheet.png)

 Free template

 Buying a Franchise Planning Sheet

We have created the Buying a Franchise Planning Sheet to help business buyers assess potential franchise opportunities. The planning sheet covers: Questions to ask when selecting a franchise; Questions to ask once you have selected a franchise; Questions to ask when considering buying a franchise.

[Learn more ](https://blog.jpabusiness.com.au/buyer/buying-a-franchise-planning-sheet)

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Topics

- [due diligence ](https://blog.jpabusiness.com.au/blog/topic/due-diligence)
- [franchises ](https://blog.jpabusiness.com.au/blog/topic/franchises)
- [buying a franchise ](https://blog.jpabusiness.com.au/blog/topic/buying-a-franchise)

About James Price | JPAbusiness James Price has over 30 years’ experience in providing strategic, commercial and valuation advice to Australian and international business clients. James’ blogs provide business advice for aspiring and current small to mid-sized business owners, operators and managers.

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