What is a Franchise?

franchise, franchise opportunities, business franchise, Define Franchise

What is a franchise and should you buy one?

This is an area of great confusion for potential entrepreneur’s. The lure of buying a franchise is very strong. I know … I have bought several!!!

But is it the right and best use of your precious start-up money? In this section we will be sharing information about the pros and cons of  business franchise opportunities.

Some of the topics we will be exploring in detail are:

Define a Franchise: Here we will start with the basics of what is a franchise and and how a franchise is formed and sold.

What is a Master Franchise?: We will explore how franchise company uses exclusives and territories to grow their buisiness.

How to Buy a Franchise: The process of buying a franchise is full of many pitfalls and legal issues. The franchise documents will bind you for up to 10 years. We will look some of the terms used and why they are important.

Franchise Lawyer and Attorney: Where to find a good franchise lawyer and which franchise attorney is best. Are they worth the legal fees?

Is Buying a Franchise Right for you?: This is a very complex question. Franchise fees are high and you have an ongoing expense of franchise fee royalties. Thinking carefully about this can mean the difference between success and failure of your new small business.

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