Franchises

[Captain1]

@EcoShan

PRos:
they business is already a non big company so u dont have to strugle to run ur bizness and u dont even have to advertise as the headquarter would be already doing it on national tv for all the outlets.
eg, if u get a franchise of mcdonalds or star bucks, wat r the chances of ur bizness failing?? close to none eh and u dont have to struggle advertising and putting on sales and everything to attract the customer cuz that part company has already done decades ago.

Brand loyalty is a huge positive aswell. if i like the subway in toronto, when i go to hamilton m gona eat it there aswell.

cons
the amount of time it takes to approve ur file to get a franchise is minimum 1 year for a reputed company and in some cases goes upto 4 years in case of companies like Tim hortons, with this type of crazy time periods u can advertise and run ur own bizness aswell.

cost of getting a franchise is much much higher than opening ur own bizness. eg) popeyes chicken require $500,000 US dollars for their franchise but if u open a fast food retail urself , all the equipment and everything is gona cost u around $120,000 US dollars.

Doesn’t that money buy you their “sign”, their “theme” as well overall store outlook (in and out)… and their supplies, and their “recipe” ( )?