This is a GREAT website
with lots of useful information I haven't found anywhere else. Read the "Franchise Articles II" tab. It has a business reality checklist for evaluating any franchise investment. Below this is an informative article about how Mr. Franchise
, Kevin B. Murphy, a franchise attorney, bought his first franchise in 2002 (in the home improvement industry), and his first-hand experiences in starting the franchise from scratch, then re-selling it a year later.