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re: how hard is it to buy into a franchise business
Posted on 4/24/24 at 11:40 am to LordAkri67
Posted on 4/24/24 at 11:40 am to LordAkri67
Most responses are discussing food places.
I used franchise gator and interviewed several.
Bought territory rights for home remodel franchise in Pensacola area and Gulf Shores/Fairhope. Have to pay back 10% of revenue to corporate. Thinking the way mortgages are, remodels will remain strong for foreseeable future. Plan to sell both locations within 10 yrs.
I’m putting in double your estimated costs though…
I used franchise gator and interviewed several.
Bought territory rights for home remodel franchise in Pensacola area and Gulf Shores/Fairhope. Have to pay back 10% of revenue to corporate. Thinking the way mortgages are, remodels will remain strong for foreseeable future. Plan to sell both locations within 10 yrs.
I’m putting in double your estimated costs though…
1
Posted on 4/24/24 at 11:53 am to BamaCoaster
quote:
Most responses are discussing food places.
Right. There are way more franchises out there than just food. There are several in my industry, which is glass. Someone sent me one of one of the franchise marketing documents a while back. Initial cost were in the ballpark of $150k-$250k, $40-50k liquid, $150k minimum net worth. That info is a little outdated and are probably more post-covid. I sell glass to the various franchises, and most seem to do pretty well. It's work, though. It's not mailbox money. Don't forget that.
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