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: A list of current and former franchisees, whom you should contact to verify the franchisor’s claims. Getting Started in Franchising

: Determine the industry, lifestyle, and day-to-day role you want (e.g., hands-on owner-operator vs. semi-absentee manager).

: Calculate your total available capital. This must cover not just the initial franchise fee, but also site build-outs, inventory, and several months of operating capital.

: Use tools like Franchise Business Review or attend franchise expos to compare different models. 2. The Franchise Disclosure Document (FDD)

The FDD is a federally mandated document that a franchisor must provide at least before you sign any contract or pay any money. It contains 23 specific items, including:

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