20 Questions

Questions to Ask a Franchisee

Critical questions to ask current franchisees before investing in a franchise to get honest insights about profitability, support, and the reality of franchise ownership.

1

How long have you owned this franchise, and what was your background before purchasing it?

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Why this works

Understanding their experience and timeline helps you assess learning curves and whether your background aligns with successful franchisees.

2

Did you meet your financial projections in the first year, and if not, when did you break even?

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Why this works

Real profitability timelines are crucial for planning finances and setting realistic expectations beyond franchisor marketing materials.

3

What were the unexpected costs or expenses you didn't anticipate?

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Why this works

Hidden costs can significantly impact profitability, and current franchisees can identify expenses the franchisor might not emphasize.

4

How would you rate the franchisor's ongoing support, and can you give specific examples?

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Why this works

Support quality varies widely between franchisors, and concrete examples reveal whether promises match reality after the sale.

5

What has been your biggest challenge as a franchisee?

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Why this works

Identifying common challenges helps you prepare for potential difficulties and assess whether you're equipped to handle them.

6

If you could go back, would you buy this franchise again? Why or why not?

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Why this works

This direct question cuts through politeness and gets honest feedback about overall satisfaction and franchise value.

7

How much time do you personally spend working in the business each week?

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Why this works

Time commitment often exceeds expectations, and understanding the reality helps you assess work-life balance and staffing needs.

8

What's the relationship like between franchisees and the franchisor?

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Why this works

Power dynamics and communication quality significantly impact your experience and ability to voice concerns or suggestions.

9

Have you been able to implement your own ideas, or is everything dictated by corporate?

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Why this works

Understanding flexibility reveals whether you'll have entrepreneurial freedom or must follow rigid systems that may not work locally.

10

What percentage of franchisees in your area are profitable?

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Why this works

Success rates among nearby franchisees indicate market saturation and whether the model works in similar demographic areas.

11

How often do royalty fees or other fees increase, and by how much?

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Why this works

Fee increases directly impact profitability, and historical patterns help you project long-term costs beyond initial agreements.

12

What's the quality of the training program, and did it prepare you adequately?

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Why this works

Training effectiveness determines how quickly you can operate successfully and whether you'll need expensive additional education.

13

Have you had any disputes with the franchisor, and how were they resolved?

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Why this works

Conflict resolution approaches reveal whether the franchisor treats franchisees fairly or uses legal power to suppress concerns.

14

How strong is the franchise brand in your market, and does corporate support local marketing?

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Why this works

Brand strength affects customer acquisition costs, and marketing support determines how much you'll spend building awareness.

15

What's the renewal process like, and are there significant costs involved?

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Why this works

Renewal terms and fees impact long-term planning and can significantly affect the eventual return on your investment.

16

How difficult is it to hire and retain quality staff?

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Why this works

Labor challenges are often underestimated and can make or break a franchise's profitability and your quality of life.

17

What do you wish the franchisor had told you before you signed?

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Why this works

This question uncovers information gaps or misrepresentations that franchisees discover only after committing to the franchise.

18

How has the franchisor adapted to market changes or economic downturns?

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Why this works

Adaptability and support during challenging times reveal whether the franchisor partners with franchisees or protects corporate interests first.

19

What's your exit strategy, and how easy is it to sell a franchise in this system?

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Why this works

Resale restrictions and market demand for resales affect your ability to exit the investment when you're ready.

20

Knowing what you know now, what advice would you give someone considering this franchise?

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Why this works

Open-ended advice often reveals crucial insights that specific questions might miss and shows the franchisee's overall perspective.

Evaluating Franchise Opportunities

Expert tips and techniques for getting the most out of these questions.

Best Practices

Talk to Multiple Franchisees

Speak with at least 5-10 franchisees in different markets and at different success levels to get a balanced perspective on the opportunity.

Request Contact Information Independently

Ask the franchisor for a complete list of franchisees, then choose who to contact rather than only speaking with provided references.

Visit Locations in Person

See franchisees operating their businesses firsthand to observe customer traffic, operations, and the actual work involved.

Ask About Failed Franchisees

Request information about franchisees who closed or sold, and try to contact them for the most honest feedback about challenges.

Key Topics to Explore

Financial Reality Check

1
Actual revenue and profit margins compared to projections
2
Hidden costs and unexpected expenses
3
Time to break even and achieve positive cash flow
4
Royalty fees and how they impact profitability

Operational Insights

1
Daily time commitment and work-life balance
2
Staffing challenges and labor costs
3
Flexibility to adapt to local market needs
4
Quality and responsiveness of franchisor support

Common Pitfalls

Don't Only Talk to Successful Franchisees

Franchisors often direct you to their stars - seek out average or struggling franchisees for a realistic view of challenges.

Avoid Leading Questions

Ask open-ended questions that allow franchisees to share honestly rather than questions that suggest the answer you want to hear.

Don't Ignore Red Flags

If multiple franchisees mention the same problems or hesitate to recommend the franchise, take those warnings seriously.

Conversation Templates

The Financial Deep Dive

1
Step 1: Start with: 'Can you walk me through your actual first-year numbers?'
2
Step 2: Follow with: 'What costs surprised you that weren't in the FDD?'
3
Step 3: Close with: 'If I had $X to invest, would you recommend I put it here?'

The Reality Check Framework

1
Step 1: Open: 'What's a typical day like for you in the business?'
2
Step 2: Dig deeper: 'What do you wish you'd known before signing?'
3
Step 3: Confirm: 'Would you buy this franchise again knowing what you know now?'

Further Reading

"Franchise Bible" by Rick Grossmann and Michael J. Katz
"The Franchisee Handbook" by Mark Siebert and Carl Reader
Federal Trade Commission Franchise Rule guidelines
International Franchise Association resources

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