From name recognition to funding advantages, we’ve gathered the best reasons to become a franchisee.
You are buying a proven formula. Larger franchise companies offer in-house lending or assistance attaining financing. A franchise provides a built-in support system.
Who shouldn’t buy? While franchise concepts are great for many entrepreneurs, they aren’t great fits for everyone. Here are a couple of reasons you may not want to buy a franchise. You want to change the system. A franchise is more attractive to the SBA.
You can be your own boss. Some low-cost franchises have strong ROI. In a down economy, the buy-in prices are lower. Name recognition is what consumers look for, especially in a recession.