Why buy a franchise? What is ‘franchising’?
Buying a franchise has often been described as buying a ‘business in a box.’ While this is probably a little simplistic, it gives you the general idea: when you buy a franchise, you’re buying into a trusted brand and a proven business model, thereby increasing your chances of success. All the tricky stuff & legal work has already been done for you, so you can skip most of the usual steps and the scary unknowns about starting a business from scratch.
You have the support of a head office team and wider network, and the advantage of all the learnings of the the Franchisor, as well as of all the franchisees who came before you.
Because you benefit from the economies of scale that come with being part of a much larger organisation, you cut the costs and risks of starting out alone.
And on top of all this, you still get to be your own boss, choose your working hours (and therefore your income), and do something that truly flexes around your life.