When a current franchisee decides to move on is it common for the franchise owner to resell the franchise or the current franchisee?
Is it common to split the new sale between the franchise owner and the departing franchisee, if they have fulfilled their contract?
If not, how does it usually work? This is an online business that is housed in the owners website. Let me know if you need more info. Thank you.
I’ve seen people succeed with both, but the better choice usually depends on your personality more than the money itself.
Some people want the freedom to build something completely their own.
Others prefer proven systems, training, and support even if it means less flexibility.
If you had $100K ready today, would you start your own business or buy into a franchise? And why?
I own a photobooth business and it's going good. I feel like there's a limit to build income since certain month won't have way less events than normal. On a normal rate, I get around 4-6 events a month. I'm planning to expand it to other cities by providing franchisees as I want to build my own brand.
Is there anyone who does photobooth business in a franchise model,
Please help a fellow photobooth business to Grow.
I’ve had a lot of conversations lately with people who want to own a business but feel stuck between two paths.
Start something from scratch and have complete freedom, or buy into a franchise with systems already in place.
Honestly, I get why people struggle with the decision.
Starting from scratch sounds exciting because it’s your idea, your brand, and there’s no rulebook. But it can also feel overwhelming when you’re figuring out marketing, operations, pricing, and mistakes all on your own.
Franchising is different. You’re trading some freedom for structure. The playbook already exists, the systems are tested, and in many cases, demand is already proven. But of course, it’s not for everyone, some people hate following a model that isn’t fully theirs.
From a franchise consultant perspective, I don’t think the better question is “Which one makes more money?” I think it’s:
“Which type of risk fits your personality better?”
Would you rather risk uncertainty while building your own thing, or reduce some of the guesswork with a proven system? Where everyone here stands on this?
I'm a 29 year old dentist looking to start a business outside of dentistry and am seeking some advice from those more experienced!
I'm planning to cut down on dentistry to 1-2 days/week for various reasons and am thinking about starting a business. Franchising is looking more attractive to me rather starting my own. The reasons I am going this route is to be able to grow something that may be able to make money without me being in the trenches of the business. I accept that the first couple of years I will be boots on the ground and working tirelessly which is ok with me. I've come to realize that as a dentist, I am only making money when I am in the office doing procedures.
Business ideas I've had are home services (garage door repair, epoxy flooring), cleaning services, senior day care services, etc.
Additionally, I have no children at this point of my life and my fixed expenses are fairly low so I figured this would be the point of my life to attempt this endeaveur.
I own 7 profitable retail locations of the Largest Brand of CBD in DFW: Buy One, or Buy Them All! Own All 7 locations that profit 1.5 Mil per year for only 2.75 Million, ROI 24 month. I build and sell profitable businesses then build again. Skip the hard work and profit immediately, Earn 50% ROI. Come look for yourself, full transparency.
Locations:
Dallas- Northpark Area- Gross sales 100k/mo Profit 25K/mo [5 Star reviews 1,620] Purchase Price: 900,000
Fort Worth Downtown - Gross 60/mo Profit 15k/mo [5.0 Star reviews 1,347] Purchase Price: 450,000
Fort Worth North- Gross 40k/mo. Profit 12,500/mo [5.0 Star reviews 847] Purchase Price: 400,000
Denton Downtown- Gross 50k/ mo Profit 15k/mo [5.0 star reviews 208] Purchase Price:450,000
Grand Prairie- Gross 50k/ mo Profit 15k mo [5 star reviews 418] Purchase Price: 400,000
North Richland Hills Gross 20k month (new shop on track to make 10k) [5.0 star reviews 120] Purchase Price: 275,000
Wichita Falls Gross 40k/ mo Profit 15k/ mo [4.9 star reviews 280] Purchase Price: 350,000
Listed conservative numbers, sign NDA and will open books, show tax return and Sales tax reports to verify all information. Buyer is welcome to conduct site inspections and monitor shop during open hours. Franchise will offer 1 month of training to ensure smooth transition and offer on-going assistance after.
Profit is 30% of Gross
Cost of Goods is 30%
Employee Cost is between 5-7k per location
Each location is situated in the most desirable areas of the city and buildings are in new condition. AAA Real Estate.
