Want to own a business with an established brand and business model? If so, franchising might be the right option for you.
- Franchising is when a company sells the rights to its existing business model and products.
- Opening a franchise is a business venture with relatively low risk and high support, but you must be aware of the regulations and factors that make a franchise successful.
- While costs vary widely, in general, you can expect to spend $50,000 to $200,000 in franchising startup costs.
- This article is for entrepreneurs and business owners interested in buying and operating a franchise.