What are the top five questions a franchise buyer should pose to their franchisor and landlord?
Gavin Nixon, Hairhouse Warehouse offers his essential questions you need to bring up before you sign a lease:
- Are these standard commercial terms? Ensure what’s negotiated is in fact what’s in the lease.
- What tenancy mix is earmarked around where my store is located?
- Are there any planned developments or construction to the shopping centre which may affect the store?
- What is the estimated traffic flow of the shopping centre or supermarket sales productivity?
- What are the core trading hours of the shopping centre; can I trade after hours and if so, what are the costs to do so?