Be sure to read my comments on this article below the link. Sometimes, buying a franchise can be a very good idea...
"The most often cited reason to go into business is to make money. At least that is what you are supposed to believe. If that was the only motivation, there are many other options to turn a quick buck and avoid all the pit falls and responsibility of making a payroll. For the brave of heart and persistent of will, starting your own business is a dream come true. Therefore, at first look, it seems reasonable to follow a pattern of a proven winner, when the leap requires putting your entire net worth on the line. Franchising has the appeal of lessening the odds of failure, to the uninitiated.
Risk is a financial condition that few appreciate until their feet are held to the fire. Entrepreneurs strive for the best business they can build, while an investing licensee wants to buy into a formula that has a track record with a guaranteed return. Why else would anyone be willing to pay a substantial fee and share profits to put up a sign?"
Read more at:
Franchise Dangers - Why Buying a Business Franchise is a Bad Deal :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website:
Of course, this is an over-generalization. There are some good franchise opportunities available. Below is the link to the SBA Loan default rates for popular franchises. Franchises with low default rates generally return a decent living for their franchisees:
http://www.bluemaumau.org/sba_franchisee_failure_rates_brand_2012
For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.
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