Office in Waukesha, WI
(262) 420-1998 | info@lakecountryadvisors.com
Client Login
lake country advisors

Purchasing a Franchise: Pros and Cons

Are you looking to buy a business? Have you considered purchasing a franchise? At Lake Country Advisors, we have been able to get an up-close view of the pros and cons of franchise ownership. Some franchises are easy to work with and some have a lot of hoops to jump through and unexpected costs. Here’s what we’ve learned:

PROS:  

  • Guidance and support of the franchisor
  • Access to a recognized name/corporate level advertising
  • Ability to obtain better employees because of recognized name
  • Recipes/formulas for success have already been developed and outlined
  • Training programs already developed for new employees

CONS:

  • Strict guidelines
  • Limited products and services allowed
  • Franchise fees/hidden fees
  • Risk of franchisor or other business owners ruining the company’s reputation

Before entering into a franchise agreement, it is vital to have an understanding of the Franchise Disclosure Document (FDD) and heavily research the company you are buying into.

Our team at Lake Country Advisors can help direct you in buying the right business for you.

By |2022-07-26T23:30:48-05:00January 4, 2017|Buying a Business|0 Comments

About the Author:

Go to Top