For our May workshop, Jim Smith and Bob Vitamante, SCORE counselors with extensive backgrounds as both franchisees and franchisor, explored the pro’s and con’s of buying a franchise.
There are 1000’s of companies offering franchises to buy. A franchise is simply a business service that its creator (a franchisor) is offering to sell to another (a franchisee) to operate (think McDonald’s).
Individuals wanting to own and run a successful business see a franchise as a ‘fast track’ to that goal. However, as with every opportunity, there are issues that need to be understood.
See the full presentation here.