Other ways of looking at franchises...
If it is so good - why aren't the idea owners doing it themselves?
Of course, sometimes franchises are the best way to expand without incurring capital, that's why some businesses go down that route.
Beware, that some businesses just run franchises - that to make money from the franchisees and not the end product.
McD's were once called a property management company - not a restaurant chain.
The franchisor can often insist on new capital outlay to update signage, format, product etc and as a franchisee you will need to step up or risk losing the franchise.
Think and research carefully first. There are some wealthy and successful franchisees around.
|