GETTING ADVICE 

To help you reach a conclusion as to whether or not a particular franchise is for you, on top of your own research, it is vital you take advice.

There are people who know you well and who's opinion you probably trust. Family and friends can be a great source of advice. Remember, you will probably have to call upon their support as you run the business so including them in any decision is essential.  

Apart from that, you will need some professional advice. This generally falls into the following areas:

1. Legal
There are specialist franchise solicitors who advise on franchise agreements. These are substantial documents which differ from normal business contracts. They contain what is expected from you, what you cannot do, what powers the franchisor has, etc.

2. Financial - funding
There are High St banks with recognised franchise departments. These are familiar with the characteristics of various franchises and the funding needed. They will assess you and your suitability to run the business, the amount you require, how you are going to repay and what security you can offer.

3. Financial - accountancy
Although the franchisor will invariably have financial systems as part of the deal, it may be advantageous to find an accountant who understands franchising to advise you on your personal tax matters, etc.

We would also stress the bfa as a great source of advice.