Tag: Evaluate a Franchise Opportunity

How to Evaluate a Franchise Opportunity?
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How to Evaluate a Franchise Opportunity?

There is no such thing as a one-size-fits-all franchise. Entrepreneurs considering franchising must consider their financial constraints and the franchiser's support system during the evaluation phase. Below are some basic guidelines to help you evaluate a franchise opportunity. Fees and Set-Up Costs for Franchise Each franchisee charges an initial fee. This can cost anywhere from a few hundred to several hundred thousand dollars. Ideally, the franchise fee would be self-funded (though some franchisers offer financing options). In either case, we recommend starting with a minimum investment of $10,000. Profitability When evaluating a business investment, it's critical to determine whether the opportunity is financially viable. Calculating a franchise's profitability is not an exact sci...