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re: how hard is it to buy into a franchise business
Posted on 4/25/24 at 6:32 am to LordAkri67
Posted on 4/25/24 at 6:32 am to LordAkri67
quote:
Me and the wife are talking about moving to a different state, some place slower paced. And we was discussing jobs and what not but what if we took 150-200k and threw it at a popular franchise business...
Buying a job and an expensive one at that. I have respect for folks who have the balls to do something like this. I'm not that guy though.
2
Posted on 4/26/24 at 9:21 am to Billy Blanks
Yeah franchises are appealing from an established infrastructure and customer base aspect, but you're always going to be paying someone money that you're earning. Personally, I'd rather build a business from scratch which is a different set of headaches and risks, but if you're willing to put in the work and take a risk, I don't have the desire to make someone else money for the rest of your career in the franchise.
Posted on 4/26/24 at 12:16 pm to Billy Blanks
I know a guy who is taking his entire retirement portfolio out to finance a franchise. I think I've lost more sleep over it than he has. 
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