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re: how hard is it to buy into a franchise business
Posted on 4/24/24 at 1:24 pm to BottomlandBrew
Posted on 4/24/24 at 1:24 pm to BottomlandBrew
quote:
There are way more franchises out there than just food. There are several in my industry, which is glass
I agree certainly. But I'd argue outside of food starting a franchise in most other industries is just dumb. Food you have recipes and ingredients that are vital to doing well, and you also have name recognition.
Most other businesses if you hustle on advertising and put out a good product then you will earn business. The issue with franchising is that a significant portion of your profit goes to the franchise. The times it does make sense is when a franchisee gets priority with product and information, for example I know a carpet cleaner and he was telling me during covid they had a hard time with repairs and chemicals because the company he purchased from gave their franchisees priority.
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