When evaluating whether an established small business is franchise-able — I’ve heard that the rule of thumb is that a potential franchisee should be able to see a 15% ROI on their investment. What about “out of pocket” earnings?
Before you buy a franchise, ask yourself these questions.
What are the basics of franchises?
As many first-time business owners find out, there is a high failure rate for independent, non-franchise businesses. Franchising provides a proven system and the support of a much larger organization. If you are first-time business owner the benefits of buying a franchise are even greater. Some of the advantages of buying a franchise over starting [...]
Franchising is a method of distributing products or services. At least two levels of people are involved in a franchise system: (1) the franchisor, who lends his trademark or trade name and a business system; and (2) the franchisee, who pays a royalty and often an initial fee for the right to do business [...]
