I purchased a business, but not a franchise. I looked into franchises, and decided against them. Below are the basic pros/cons I came up with back then:
Pros:
Name recognition, centralized advertising.
Training and support available.
Established systems. (no need to develop your own.)
Cons:
Royalties and franchise fees.
Available support and training varies from franchise to franchise.
Established systems. (can't develop your own or alter existing ones.)
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