Do not take this personally, however I think that buying a franchise is like buying a job. You owe a huge amount of royalties to the Franchisor as well as a precentage of your revenue, you are typically not turning a profit for a few years and you are busting your tail doing it. Plus, you are told almost exactly how to do everything and must comply with the Franchisor's rules, methods of operation, etc.
Obviously, there are some advantages i.e. turnkey operation, ongoing training and support (in most cases), 5 year survival rate, etc.
I am a huge proponent of having multiple streams of income i.e. passive/residual as well as active income so that is a large factor in my feelings towards a franchise as well. Your success in a franchise is 100% determined by how many customers you can get in the door.
Many people do succeed with owning a franchise, but at what cost? Sometimes hundreds of thousands of dollars in initial investment and 60-80 hours of their life each and every week.
I do hope this is not the case for you Brian and that you do experience much success without having to put in an inordinate amount of hours, however franchising just is not my cup of tea
