Is a Franchise For Sale for you?
Let us offer some basics on what franchises are
all about so you can make the best choice in the business type you
Most franchises require a monetary investment
anywhere from $5000 up to many hundreds of thousands of dollars. Read
my review on 7-11 (T/M) franchises and you'll see the cost to get going
in that company.
In addition to the monetary investment, there is a
personal committment. What we mean by this is, if your employees don't
come to work, YOU need to be there. You are the back up for any and all
problems with running the business. This can mean long hours, often
more than when you worked a "day job". If you like to vacation or
regroup on the weekends, you might not find a franchise as the way to
There are also various "fees" that franchises
charge, that you will pay as part of your annual operating costs. These
are often referred to as royalty fees.
During your start up months plan on a certain time
element where you are not profitable. Ask your franchise contact what
this typically is. You also are typically responsible for ALL aspects
of the business including: advertising, ordering, repairs, customer
Franchises were often referred to in MLM meetings
we attended in our early "looking for the right business" years, as
being in business for yourself, BUT not really due to the parent
company royalty fees, as well as certain "company rules" you may need
to adhere to. In essence, you aren't really your own boss.
This review may seem slanted aganst franchises. We
are only pointing out the reality of what you would need to do or be
involved with. You may still see this as a much better "job" than
working for someone and collecting a paycheck. You can also use
franchises to build up your own network of businesses by reinvesting
The good news on franchises is most have been in
business for many years, so the product and business is usually sound.
You are then only learning what has already been proven so your success
depends more on your work ethic than anything else.
Make sure you get all the facts on any franchise
offer, and be sure there is ample support and training. There is a
website www.franchisegator.com that offers various information on
franchises that are out there. You may want to subscribe to their site
for notifications on franchises.
Whether looking for franchises for sale,
franchises to buy, under 10000, franchise for women, or other
opportunities, you may want to google franchise.com and see what may
If you are looking for a home based business that
can be started for very little money, and has potential to grow to
profits you never imagined, you might want to look at an internet
business as an alternative to franchises.
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