A franchise is a very attractive business model because it offers a business in a box. Franchises provide instant brand recognition, ongoing industry best practices, initial training, built-in support, easier access to financing, and a greater chance of success all for much less than one can start a business from scratch.
While franchising includes many benefits, there are also risks that should be considered to secure the ongoing success of the franchise.
Check out our Industry Insights for common risks and Resolute solutions!