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Coach
I think there is a whole magazine you can buy about franchises. I saw it in a supermarket.
Coach
I’m currently in the process. Definitely a pricey and long term planning type idea. But it will get me out of the rat race. Have half a million laying around? Go for it.
What franchise are you buying?
Which ones are the most lucrative? Food? Hotel?
Entrepreneur magazine does a huge issue annually on franchises with rankings. Look for it.
What are we talking here? Opening a few Subways?
I am just opening up one in MA. Would definitely go for it but it is not a completely passive source of income. You need to be active otherwise you can lose money quickly if you rely on employees only.
Also, starting capital varies but you don’t require more than 100k to get into some of the growing franchisees which have a lot of upside.
Coach
What kind of franchise ?