Are you considering purchasing and owning a franchise business yourself? Which franchises are best suited for your budget and skill set? Which franchises are the safest bet?
Buying a franchise can be a viable alternative to starting your own business from scratch.
Franchises offer people wishing to start their own business the independence of small business ownership supported by the benefits of a big business network. A franchise business often has an established reputation and image, proven management and work practices, access to national advertising and ongoing support.
In a franchise business, the franchisor provides a secure way of operating a business model, in return for ongoing payment of fees and/or purchases.
The team at Business Franchise magazine have been covering the franchise industry for more than 35 years, and we’ve made some predictions on the franchises and franchise categories that we think will be trending in 2020.