Ready to take the jump into the franchise world? After you’ve narrowed down your options and settled on a brand, it’s time to run all the numbers — from one-time costs to all the associated fees that come with buying and operating a franchise both day-to-day and in the long run.
Although a brick-and-mortar business might require you to secure a storefront and staff and an ecommerce company might include software expenses and inventory, there are other costs unique to franchising that you should be aware of. From initial investments to royalty fees to legal costs, take stock of these numbers before it’s too late.
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