When I talk about running a franchise business, most people automatically assume I'm talking restaurant franchises. That's because most franchises in the food industry are wildly successful and in turn growing in bonus turn over numbers and popularity. You'll be hard pressed to find independent restaurants at all anymore due to the success of food franchises.
The best part is that despite the growing number of food franchises, buying a restaurant franchise is still one of the few close to being a guarantee opportunity in the world of business today. It's true that there are number of difficult issues that come with owning a restaurant franchise, but that's true with any business. Here are both sides of owning a food franchise showing both the advantages and disadvantages of them:
Advantages