If you’ve always dreamed of running your own business, but aren’t ready to take the leap and start your own, you should consider purchasing a franchise. This will allow you to borrow another company’s business model and name for a fixed period of time and provide you with a time tested and successful business model to follow, which can be a safer bet than trying to start your own business.
However, there can be several disadvantages to owning a franchise, especially if you don’t know what to look for in one. Before you decide on a franchise, browse through these tips on what to look for in a franchise:
This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of or want to locate a franchise in one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your state. Franchise offerings are made by Franchise Disclosure Document only.