Has anyone ever started a franchise? What types of people are needed to?

Jun 19, 2010 in Commercial Property Loans

I am a mechanical engineer and to date I have been an employee so small business ownership is new to me. I am at the very beginning stages of starting my first franchise. It is a small sandwich shop which will be about a 0-400k investment. My application to the Franchisor is still is in the approval process and I starting to put together a team of people to do this. So far I have: Attourney, Accountant (for both book keeping and taxes), A Commercial Real Estate Agent, Insurance Agent, Credit Union Loan Officer. Does anyone have any recommendations of other ‘must have’ people whom I should inlude?

Thanks in advance.

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One comment

Ed Atun on June 19, 2010 at 11:51 am

You have enuf people. You need to protect yourself, tho. Some franchises sell too many. You buy a sub shop and find 3 others from the same company opening within 1 mile. That has been a major complaint.

Some companies insist that they find the location. That is not ok. You can not turn that over to them. A bad location will cost you your entire investment.

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