Inside Franchise Business

Michael’s top 5 tips for franchise buyers

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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.

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