Planning to open a franchise Do your homework first

Planning to open a franchise? Do your homework first.

Franchise agreements: 5 points to consider before signing

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Although the turnkey aspects of a restaurant franchise have many advantages for the first-time owner, they are no guarantee of success. One widely cited study found a 57 percent failure rate for franchised restaurants over a three-year period, and some brands have a much higher failure rate. While banks can show you plenty of examples of failed franchisees, the casualties are few among franchisors. That should tell you something. Remember, the franchisor is trying to sell franchises, and

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