Do you know what should be the two major reasons for buying a franchise?
One is name recognition. The other is the training that they ought to give you.
However, few franchisers give you real name recognition and training?
Yet, franchises are not cheap. You pay up front for a license, and the royalties thereafter will be a big cut of your bottom line. In fact, those royalties may equal half your net profits, if you ever manage to get any.
I hardly ever recommend the purchase of a franchise because franchisees never really get true name recognition, and the required training from the average franchiser.
Only a handful of franchises are worth buying. (See my Earl J Weinreb NewsHole® comments).
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