By Nick Bibby - AllBusiness:
Wow, how high is high?
In today’s world there are nearly 3,500 franchises to choose from, and they range from $10,000 home based services businesses to exotic retail or food establishments costing in the millions of dollars.
I have discussed ‘franchise due diligence’ often in this forum, and obviously, the cost of the opportunity is a major factor. Although, as a franchise consultant, I am obviously favorable toward franchising (if the system has a proven track record of success), but I also argue for independent start-ups when budgets don’t allow for the total initial investment required by a franchisor.
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