Advantages of Franchising:
1. Little to no industry experience is necessary.
2. Existing customer base and brand awareness.
3. Lower risk than starting an entirely new business
4. Support from the franchise owner.
5. Ample opportunities for expanding your business to different franchise locations.
Disadvantages of Franchising
1. Limited creative opportunities.
2. Financial information is shared with the franchisor
3. Varied levels of support.
4. Initial investments and start-up costs can be expensive
5. Contracts aren’t permanent
6. You’re your own boss, but you have less individual control