When you franchise a business, you are purchasing your own business. You will need to have upfront cash investment money available to begin the franchise application process. You will most likely also need to take out a small business loan in order to fully pay for the franchise. As part of your franchise agreement you will need to make regular payments to the parent company in return for being allowed to use their name, sell their products, and receive ongoing training and support.
A Franchise Business is Less Risky than a Brand New Venture
When you are looking for a less risky business venture than starting a business from the ground up, you should consider a franchise business, like those offered here at Franchise Solutions, instead. A franchise is a business which is already established and has been successful in other areas. When you open your own franchise you are helping to expand the growth of the parent company while getting to own and operate your own business.