Franchise Fee- Worth it ?

highestb1d

DKLS wrote: »

The only person I know who has made a success of a franchise is a mate who bought in and has a MacDonalds in a prime spot, did cost him 250k though.

Don't fall into the trap of thinking Mcdonalds is a sure fire money spinner.

I know someone who was ruined with this franchise, he was going great guns for 4 years making a £200k profit for himself and then the franchisor hit him with a compulsory 160k restaurant re-fit bill that he had to fork out himself.

So he actually made less than his staff each year but didn't realise until it was too late.

Franchising is a mine field