The decision to purchase a franchised business can be an exciting and rewarding decision.
There are many types of franchise businesses offering you new opportunity, independence, growth, challenge, a comfortable income, prestige and security. However, many important questions need to be answered, both by you and by the franchisor before you make a decision to buy.
There are over 2,500 franchise businesses being offered throughout the United States today. The right one for you will depend on many factors such as the franchise fee; start up costs of the business, your financial goals, available business locations, business hours and experience required.
One important thing to know is that franchising is almost a sure thing. Less than 4% of all franchises fail according to the U.S. Department of Commerce. That is amazing because the failure rate for non-franchise businesses is as high as 85%. continue