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11-05-2006, 08:21 PM
| #1 (permalink) |
| Senior Member Join Date: Nov 2006 Location: Toronto, ON
Posts: 795
 |  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
| #2 (permalink) |
| Junior Member Join Date: Nov 2006 Location: Central Valley, California
Posts: 3
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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.) |
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