There are certainly advantages to owning a franchise, but are they worth the cost and ongoing fees?
All franchises have a franchise fee and some ongoing royalty and brand development rate.
These fees add up year after year as every dollar is collected. To compensate for these ongoing fees, a franchise has to offer value.
I have been fortunate to have started my own business, not franchising, and be a franchisor in the same industry. I can compare my growth as an independent business owner to how my franchisees are doing year by year.
With any franchise, you want the franchisees to have better growth and stronger margins than if they started their own business alone.
The five undeniable advantages of franchising apply to any good franchise.
There are some bad franchises; after reading Rule #4 you should be able to discover them easily.