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Greg (anonymous) Joel Bissitt deleted answer

What is a franchising agreement, considering buying a franchise?

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Hi Greg,  thanks for your question. Franchising is a great way to start a business for the first time as  you are copying a proven method with the support of the franchise owner, the Franchisor. Disadvantages could include less control, as a franchisee you must follow the company system and method else you could damage their brand reputation and other franchisee’s. You need to ask yourself could you follow a method and system laid down by the Franchisor? Could you do this for a minimum of 5 years and are you good working with other people? If the answers are yes then franchising could work for you but like any business you need to carry out due diligence and take professional advice.