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Home >> Stock Forums >> Franchise

Franchise

m0rdecai said: "Hello all, I am very close to buying my own franchise, and I was looking for some advice from anyone else who has dipped their feet into this area. I'm looking for some help in my early stages. Bottom line, I have a franchise in mind, but I have never heard of this company before, they seem to be the only one in the industry, and I want to make sure they are legit. What procedure should I follow in insuring they are the real deal. Anyway, the business I am looking to start is a Hookah Lounge. The companys website is hookabusiness.com. I have already purchased their ebook, and they have given me no reason to doubt them yet. But I am definatly going to need some hardcore convincing from them before I send them a dime. What are some questions I should ask and the steps I should take in these early stages. thanks"

Pb3190 said: "I would try checking with the BBB first of all. Second, can you contact other franchises and talk to them? Talk with them and see how their experience has been. You mention you have never heard of them before. That says to me they are either new or there is not much demand for the product. Are you sure you can make a profit with this type of franchise? In my mind, I would open a franchise that people need. Gas stations, food, something like that."

j4wz said: "[QUOTE=Pb3190]In my mind, I would open a franchise that people need. Gas stations, food, something like that.[/QUOTE] Who wouldn't want a Hooka? :stoner:"

lil dickie said: "All franchises are a ripoff. Especially that one. Besides this is merely a "reverse spam"."

m0rdecai said: "[QUOTE=lil dickie]All franchises are a ripoff. Especially that one. Besides this is merely a "reverse spam".[/QUOTE] elaborate... I find it hard to belive that all franchises are ripoffs"

Pb3190 said: "Maybe not, but some of them charge very large percents of your profit just to use the "brand name." I would rather invest in the market or real estate than a commercial business I would have to then run, but that's just my opinion."