The Dangers of Buying a Franchise Business (in British Columbia)

The sign on the side of the road reads: “Danger! Beware!”

We receive continual requests for advice from people who are getting close to the point of buying a new business – specifically a franchise business.  The majority of these people are not coming from a business background and are looking for something that their family can operate or a place to invest some extra money that has the potential of generating more money than their conservative investments.  Others still are looking to buy as a way of making a career change – they are sick of their jobs.

Most have already been ‘sold the dream’ in their minds before they even find us.

Danger!  Beware!

Today we would like to publish a kind of summary article with hand picked articles just for you.  If you truly read these articles before you purchase a franchise business, you will be in a better position than anyone we know.  You will be in a very unique and powerful position.

So don’t just skim these articles.  Learn them.  If you can’t understand something, we can help you reach out for help from a professional advisor on each topic.

We truly wish you the best and most prosperous business future

General Education

True Stories that hit close to home

Purchase & Sale

We hope that the hand-picked articles found in this post have helped you tremendously to make the best possible investment.

As always, don’t hesitate to contact us at info@vcsfa.ca.

Wikid Franchise dot Org – A Possible Ouch for Franchisors

I suppose the VCSFA has become to many coffee shop franchisors in Vancouver the proverbial thorn in their side.  Word is getting out that we exist and that our purpose is to educate the public about franchising – coffee shop franchising to be specific – and that the relationship between the franchisor  and franchisee must be one of both give and take.  It must be one of both speaking and listening.  It must be one of democracy and fairness.

This video is painful to watch because its creator was obviously part of a franchise where such necessary components of the relationships were absent.  During the video the characters gave reference to a website that we had not yet stumbled upon – WikidFranchise.org – the ‘wikileaks of franchising‘ it seems.

We have not verified yet the quality or accuracy of the posts found within, but it is certainly a goldmine of ‘internet information’ that may contain truthful information posted anonymously – a franchisor’s worst nightmare and a great blessing for the purchaser of a franchise.

Call us old fashioned, but we still really believe that the franchise model could be a very profitable and amicable one.  There are surely such franchises out there.  Until they are all superb in their business dealings, it is necessary for organizations like ours to make sure that the public is aware of what’s out there.