Posted by John Behle on September 27, 2002 at 12:18:27:
In Reply to: Anyone heard of Commission Express? posted by JP on September 26, 2002 at 19:32:46:
88-160K is quite a bit to pay for this situation. The royalty is also quite high. If it is a proven turn key system, it could be worth it, but I wouldn't suggest even considering it without talking to at least 5 of their franchisees. Of course, they would send you to the most favorable, so ideally, you would want to find a variety.
Franchises are sold through a "Uniform Franchise Offering Circular" which addresses risks, services, fees, default procedures, etc. Have them send the UFOC and Operating Agreement and review it carefully.
Like a stock offering, it may tend to appear quite negative. There are specific questions that need to be addressed with a very large focus on the risks.
Their costs aren't out of line for a working franchise, but it all depends on their systems and follow up. Putting together and running a successful franchise is a monumental task.
- Re: Ok, I looked at their website JP 13:51:23 9/27/2002 (0)