Is acquiring a franchise a profitable venture?
Franchising has pretty attractive features: perfect cooperation between the seller and the buyer, when the first expands the business with almost no investment, and the second gains entrepreneurial experience, guidance and revenue. The statistics are on the side of the franchising, because most entrepreneurs that start from zero are forced to close in the first year. Franchises have a high rate of survival.
Ambitious entrepreneurs that are eager to get into business have a great chance of managing a thriving and profitable enterprise. If you’re excited about following a well-established business model, then you’re sure to return your money and get high profit quickly. The rate of profit significantly depends upon the recognition of the brand, franchisor’s management skills, and franchisee’s own abilities.