BizSugar.com › Franchises › 4 Things To Consider When Buying A Franchise

Buying a franchise can have many perks. Unlike launching your own business, you’re helping to expand an existing business by running a new outlet or division for them. You’re able to adopt a working business model and market your company using an established brand. You don’t have to spend years laying the foundations and can get stuck in straight away.

Of course, when buying a franchise, you need to carefully consider what type of franchise. There are over 790,000 franchises today for you to choose from.

It’s also worth preparing yourself for some of the downsides of running a franchise. Only 65% survive within 4 years of starting a franchise. Below are just four of the biggest considerations that will help you to make the right choice for a franchise.