• Due Diligence - Perform a thorough investigation of the business by evaluating its financial health, legal compliance, and operational efficiency.

• Analyse the Financial Statements - Review the financial statements to assess the business's revenue, expenses, profits, and cash flow. Then perform a ratio analysis and compare it to industry standards.

• Assess The Customer Base – Assess the business's target market, customer demographics, and sales trends.

• Evaluate the Competition - Research similar businesses to determine your potential business's position in the market and future growth opportunities.

• Consider All Legal Implications – Review the legal structure of the business, check contracts, and assess any potential liabilities.

• Evaluate the Franchise Fees – You must understand the upfront and ongoing fees associated with the franchise, including royalty payments and advertising contributions.

• Review The Franchise Agreement - Carefully review the franchise agreement so that you understand your rights and obligations, as well as the franchisor's support and training obligations.

• Assess Territory Restrictions - Evaluate any geographic or territorial restrictions that apply to the franchise which may limit your ability to grow the business.

• Understand Brand Reputation - Research the franchisor's reputation in the market, including customer reviews, industry awards, and legal disputes.

• Seek Legal Advice - Consult with an attorney who specializes in franchise law to review the franchise agreement and ensure that your rights are well-protected.