Franchise Options

RE: Franchising 101 (Part 3)

BizBrok — Wed, 08 Apr 2009 19:18:15 GMT

To anybody looking to invest in a franchise, I say BE CAREFUL!!!!!!
Many franchisees fail every year. There are not stats about it.
I am a business broker in South Florida and I see a lot of franchises struggling daily.

RE: Franchising 101 (Part I)

akgold — Thu, 01 May 2008 21:41:13 GMT

I think it is very important to consider the pros and cons of franchises. I have heard random stories of the problems that franchisees can face when the franchise does what is in its best interest and not in the best interest of the franchisee. It's probably best to interview several people who own a particular franchise to find out how the system works.

RE: Franchising 101 (Part 2)

akgold — Mon, 05 Nov 2007 17:42:13 GMT

That's great advice to look for any past litigation when considering a prospective franchise. If franchisees are sueing a franchise, that is probably a good sign that there can be problems.

RE: Franchising 101 (Part 3)

akgold — Mon, 05 Nov 2007 17:39:01 GMT

Franchises are very interesting and I enjoy reading these kinds of details. I find that each time I read an article about franchises, I learn a couple more good points. Knowing the costs of opening and running a franchise is important. This article notes some of the biggest costs and the comparisons are good too.

RE: Franchising 101 (Part 3)

BDS INC — Mon, 05 Nov 2007 16:52:41 GMT

You have to read all three articles together but this is a great series for anyone interested in franchises!

RE: Franchising 101 (Part I)

Treasurevault — Wed, 10 Oct 2007 14:42:34 GMT

Very percise with lots of pro's and con's. Very good article. Like you wrote, its all in the franchise agreement. Read before you sign.

RE: Franchising 101 (Part I)

lovemyPYP — Tue, 07 Aug 2007 17:36:29 GMT

Great overview article about the benefits and costs of starting a franchise, and reminds me of my own experience. I'm looking forward to Part II.