Monthly Archives: January 2023
If you are thinking about buying a franchise, you are probably familiar with the main costs involved. You will need to pay an initial franchise fee when you sign the franchise agreement, and you will need to pay monthly (or weekly) royalties and advertising fees based on your gross revenue. But are there “hidden” costs you should be aware of as well?
So, you’re thinking about buying a franchise in Philadelphia. You’ve got a concept in mind (or maybe you don’t), and you need to know your next steps. What do you need to do to set yourself up for success? What mistakes do you need to avoid during the buying process? Can you trust the information the franchisor gives you? Here’s what you need to know.
What should you do if your franchise is struggling? Unfortunately, this is a question that many franchisees find themselves asking in 2023. As the economy continues to struggle and inflation remains well above average, owning a successful franchise today is as difficult as ever.