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11-05-2006, 08:21 PM
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 Franchises (Food & Otherwise) Anyone here own a franchise? I'm currently in the application stage of aquiring my first. It's not related to food, because food service is a TOUGH BUSINESS. Does anyone have any experience with buying, selling, or running a franchise? I'm eager to hear about it what you think the pros and cons are, so I might enlighten my investing partner a bit further.      |
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11-14-2006, 04:32 AM
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| 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.)
__________________ http://www.bootstrapping-joe.com -- My Blog about Business |
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