Like with any major purchase, determining what you can afford should be Step #1. With over 450 franchises to choose from, you can narrow the playing field based on your financial and lifestyle goals.
Knowing how much you realistically have to invest is key to choosing the right business model. Be honest with yourself when putting together your financial worth.FEES AND UPFRONT COSTS
Based on federal regulations all franchisors must show you all the costs associated with purchasing and operating their business model. These fees and costs are outlined in the Franchise Disclosure Document (FDD). Keep in mind, since this is a regulated federal document every franchise opportunity you review should present you these cost breakdown – if they cannot produce their FDD – RUN! Here are the schedules that give you an itemized breakdown of costs:
ITEM 5: Initial Fees: This section covers the upfront cost to purchase a franchise. This fee can be based on …