Management and/or sales experience. Real life experience running a business or managing a business for someone else is very helpful but not essential.
Good people skills. You will be dealing directly with the franchisees and will need to treat them like customers.
The ability and desire to follow a proven system. The franchise system offered is a system for success when followed. It is not wise to buy a franchise unless you believe you can follow their system.
Financially qualified. The fee to purchase the rights to a Master franchise territory can typically ranges from $50,000 to $500,000. On occasion you may need the capital required to open and operate at least one unit (showcase location) and support your operation until you can begin to make money.