Buying a franchise outlet can be a complicated process. Depending on each individual's abilities and goals, a franchise business structure has both advantages and disadvantages that should be evaluated before a purchase is made. There are over 4,000 different franchise systems to choose from, each with different rewards, requirements, and obligations. Franchisers are required to provide prospective franchisees with a copy of their Uniform Franchise Offering Circular (UFOC), which describes the terms, conditions, and contractual obligations of the franchise agreement.

The SCWBC can help you to review the UFOC, and evaluate the market opportunities of a franchised business. Because the purchase of a franchise usually involves a substantial capital investment, we recommend that you work with your accountant to clarify the earnings and tax implications of the purchase. Since the UFOC is a legal document that contractually binds the franchiser for a long period of time, a review of the document by legal counsel is also strongly advised.  Request a consultation to talk with a SCWBC business coach.