Advantages and disadvantages of buying a franchise

In a franchise business, the franchisor provides a developed way of doing business, ongoing guidance, systems and assistance in return for periodic payment of fees and/or purchases.

Buying a franchise can be a viable alternative to starting your own business. Listed below are some advantages and disadvantages of buying a franchise.

Advantages of buying a franchise

Franchises offer the independence of small business ownership supported by the benefits of a big business network.

You don't necessarily need business experience to run a franchise. Franchisors usually provide the training you need to operate their business model.

Read More: https://www.business.qld.gov.au/starting-business/buying-business/buying-franchise/advantages-disadvantages