If you’re not sure whether to purchase a new franchise, or look at existing franchise opportunities, then this article was written for you. We will discuss the positives and negatives of purchasing a new franchise, and what you must avoid if you’re going to get a good return on your franchise investment. After reading this article, you should have a question answered on whether purchasing a new franchise is better than purchasing an existing franchise.
In general, it’s wise to invest in existing, successful business model. However, the reason people purchase new franchises are because they provide alternative benefits, mainly they are more cost efficient. Sometimes the difference between purchasing a new franchise versus an existing franchise is in the six figures. New franchises have lower start up cost, because they are more of a risk. If you’ve always wanted to own a franchise, but can’t get all the funding needed, it would be wise to look at new franchise opportunities.
Secondly, new franchises offer more flexibility in the franchise agreement. For example, if you’re purchasing a franchise from McDonald’s, you’d...
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