If your nervous about starting your new business (and you should be) answer my questionnaire and fax it to me at 816-901-0328.  You can also e-mail me at dhutton@stjoelive.com

Evaluation Questionnaire Form Click here to download form

There will be five key things I will look at

1) The strength of the franchise

2) The location

3) The competition

4) Your financial strength

5) Your business knowledge

Remember the franchise company's job is to sell you a franchise.  If you go bankrupt they will simply put another franchisee in your location for 20 cents on the dollar.  If you spent $500,000.00 on a build out and equipment and you close your doors what do you think you can sell everything for.  Just what I stated earlier, about 20 cents on the dollar.  So a new franchisee comes in and buys everything for $100,000.00.  With the reduced debt service chances are the new owner will make it work.

Hopefully this won't happen to you.  Maybe you'll be the franchisee who pays the 20 cents.  There are lots of deals with people not making it.  Send me an e-mail dhutton@stjoelive.com and we'll see what's right for you.

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