You thought that direct lab testing with any lab test now is a good business for you?
You need to talk former any lab test franchisees and closed locations as a part of your due diligence.
- ask anylabtestnow, how many locations have closed in the last 24 months; why they closed if the business is such a good opportunity.
- Ask them to substantiate the revenues they are representing, as well as costs. Call several locations and verify the revenues represented to you.
- Pick-up your reference franchisees yourself. Do not talk to ones they give you.
- Ask anylabtestnow to disclose misrepresentations in the financial model.
- Reach out to the former franchisees that are now independently operating under their own name.
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