January 11, 2008, Newsletter Issue #98: Brokers and Your Top Franchise

Tip of the Week

The use of a franchise broker is tricky. Many brokers will tell you they help buyers find a top franchise. Use them for advice but be aware that most brokers are getting paid by the franchisor after the purchase of a franchise. When they are advising you, always remember that they have a financial incentive to get you to close the deal and purchase that top franchise. In other words, make sure to get advice from a franchise attorney and an accountant on the technical details.

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Jerry Mayo