Owning a Franchise Could Be Your Fastest Route to Business Ownership. Here's What You Need to Know to Succeed.

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Franchises are an excellent way to start a business. They offer entrepreneurs and business professionals the opportunity to get in on a plug-and-play business with a well-established reputation and brand already in place. But before you shell out the tens of thousands of dollars needed to buy one, let’s break down what you can expect.

What is a franchise?

A franchise is an existing business that grants an individual or individuals the right to conduct business with the use of their branding, trademarks and other identifying aspects of the business. The franchisee pays a royalty and often a startup

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