Investing in a franchise for sale can be a great option for new business owners. They provide structure, have an established business model, corporate marketing plans, an established brand, and a management team to help you along the way.
But there are a series of questions you should ask before you jump in and sign up with a franchise group:
The ultimate advice is to do your research. Speak to other franchise owners of the same group, how have they experienced it? How long did it take them to make money? What works for them in terms of bringing in business? Where there any additional hidden costs they weren’t informed about. Id suggest speaking with a franchise owner outside of your area, and one not recommended by management – it will give you a clearer picture.
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