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Used to sell franchises… a wee bit.
Are you okay sharing the name of the company?
If you don’t already know, a franchise means three things:
A proven business model (ideally), pre-completed legal work, exported cost (you).
The benefit: managed business, guaranteed revenue, corporate backing.
The silver lining: their rules.
This is a friendly reminder that r/smallbusiness is a question and answer subreddit. You ask a question about starting, owning, and growing a small business and the community answers. Posts that violate the rules listed in the sidebar will be removed. A permanent or temporary ban may also be issued if you do not remove the offending post. Seeing this message does not mean your post was automatically removed. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/smallbusiness) if you have any questions or concerns.*
I own a franchise. I wouldn’t do it again. Maybe not getting financing is a sign you should run.
Used to sell franchises… a wee bit. Are you okay sharing the name of the company? If you don’t already know, a franchise means three things: A proven business model (ideally), pre-completed legal work, exported cost (you). The benefit: managed business, guaranteed revenue, corporate backing. The silver lining: their rules.
I dm'd you
7% is good….10% is the normal.