Michael’s top 5 tips for franchise buyers
1. Do a lot of demographic and competitor analysis.
2. Do your own research and don’t rely on what you are told; the cost isn’t necessarily what you end up paying.
3. Be prepared for a really tough slog for the first six months. In presale, we worked for four months, 10-hour days, seven days a week. Prepare for intensity.
4. A Snap franchise is great for flexibility and profitability, with really good benefits and passive income.
5. Work in the business for a year before you put in a manager. We split our shifts at the gym between us, each doing six days a week.