Funding for a Franchise
It has been said that opening a franchise is going into business for yourself without going it alone—and, I might add, without starting from scratch. The franchisor puts in the work and capital to develop and prove the concept, bring it to market, build a successful enterprise around it, and create a franchise system whereby others can own and operate a replica of the business. I call it a Business in a Box, as you literally get a box and unwrap it, and a fully formed business pops up and customers come rolling in. As a franchisee, you pay the franchisor for the right (license) to sell its products and/or services under ...
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