Buying a franchise is a great option for aspiring business owners who don’t want to start from scratch. If you’re thinking about franchise ownership, you might be wondering how long it takes to...
One of the biggest benefits of buying a franchise vs. starting your own business from scratch is that a franchise comes with an established brand. An established brand comes with a proven business...
From legally binding agreements to various state and federal regulations, buying a franchise has complex legal aspects that require specialized knowledge. While a general practice lawyer can assist...
If you’re thinking about buying a franchise, then you’ll need to decide how to finance your purchase. Getting a business loan from the bank might seem like the most traditional financing method, but...
The future of franchising looks promising as it offers entrepreneurs a business model that provides stability in difficult times. In general, franchising carries less risk than starting a business...
When aspiring business owners take the step to buy a franchise, they become investors. The basic definition of an investor is: “any person or other entity…who commits capital with the expectation...
While how much you can make as a franchise owner depends on various factors, owning multiple franchise units is ideal for those seeking to make lots of money. A multi-unit franchise model is when a...
You’re probably familiar with the idea of franchise ownership, but have you ever heard of a conversion franchise? A conversion franchise is when a franchisee joins their independent business with a...
You’re probably familiar with the term “turnkey” especially as it relates to buying a house, but perhaps you’re wondering how it relates to starting a franchise business. “A turnkey business is a...
Prospective franchisees can choose to open a new franchise location or buy an existing one. Purchasing an already existing franchise might be less common, but it’s worth considering. It could be an...