You can make a lot of money by becoming a franchise operator. However, like the old saying goes, it takes money to make money, and franchising is no exception. A franchise is an investment, and your goal as a franchisee is to maximize your return.
But what, exactly, does that investment entail? In terms of amount, the costs associated with starting a franchise can vary greatly depending upon the franchise system, location, exclusivity options and a host of other factors. However, the types of expenses are more clear cut, and generally fall into one of two categories — initial costs and recurring costs. Continue reading “Entrepreneur’s Guide To Franchising Costs — Initial And Recurring”