5 Pitfalls To Avoid When Buying a Franchise

No. 1 Pitfall to avoid when buying a franchise: Not recognizing hidden fees

You might be head-over-heels with the great franchising opportunity you have just uncovered, but never make the mistake of overlooking hidden fees. Maybe you don’t need a very significant starting capital for the franchise you’ve chosen, but if it comes attached with impressive ongoing fees, it probably wouldn’t be the best choice for you. Make it a point out of analyzing disclosure documents to look for training and marketing fees, on top of percentage of revenue.

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