Five Things to Keep in Mind Before Buying a Franchise

Product quality should be one of the focus areas, says Paul Davies, director of BMF Limited
Former Features Editor, Entrepreneur Asia Pacific
1 min read


Buying a franchise can be a good idea for someone who doesn’t want to build a business from scratch. From Subway, to McDonald’s and Dunkin’ Donuts, riding on the success of well-known brands could perhaps ensure that your money is well invested. But it is not always the case.

There are several things one has to keep in mind. Can the people of the region where you are opening the franchise afford such a brand? Do they even like healthy food or designer clothes?

We asked UK-based Paul Davies, director of BMF Limited, at the Franchise India Expo 2018 to give five tips to would-be entrepreneurs who plan to buy a franchise. Here’s what he had to say.


More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Are you paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.

Latest on Entrepreneur

Entrepreneur Media, Inc. values your privacy. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site (both directly and through our partners). By continuing to use this site, you are agreeing to the use of that data. For more information on our data policies, please visit our Privacy Policy.