Ready to ditch your boring 9-to-5 job to become a small business owner? Then buying a franchise might provide the opportunity of your dreams. Owning a franchise enables you to sell products produced by a larger company, often well-established goods already popular with consumers.
Franchise agreements require franchisees to pay certain costs, like advertising fees, a franchise fee, and royalties. While such costs might seem daunting, financing for franchises is available through commercial lenders, franchise financing companies, and the U.S. Small Business Administration (SBA).
Some franchisors also offer special arrangements, such as waiving franchising fees for a specific period, to help fledgling franchisees get started.