Most business brokers are honest, but know exactly what you are buying. Do not be rushed into a deal. All propositions and agreements should be in writing and drawn up or reviewed by a lawyer who works for you and has experience in business sales. Consult the Better Business Bureau in your area, which can help you avoid swindlers. Have the business you are buying investigated by both a lawyer and an accountant.
Sizes vary from simple one-person operations to businesses employing hundreds of people.
What you get as a franchisee depends on your contact. Frequently, you will get training and a precise formula covering every detail of an operation, based on the experience of the franchiser. The Franchise Opportunities Handbook, is available for purchase from the U.S. Government Printing Office, Washington, D.C. 20402. This publication offers descriptions of hundreds of different franchises listed by category, and provides a checklist for evaluating a franchise. Here are some basic precautions to take before investing in a franchise.