Buying a franchise allows you to set up your own business without starting from scratch. You use a tried and tested formula, and benefit from the experience and support of the franchisor (the company offering the franchise).
Franchisees can enjoy many of the benefits of self-employment with less risk. Successful franchise operations have a much lower failure rate than completely new businesses. You can make a good living (though rarely a fortune) if you make the business work. But you need to be aware of the potential pitfalls.
This briefing outlines:
- The advantages and disadvantages of buying a franchise.
- How to evaluate a franchise.
- Negotiating to buy a franchise.
Click the link below to access the full document
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