Are Franchise Worth Buying? What do you think about buying Franchies?

Posted by admin on March 17, 2010 at 8:21 am · Under answer

This question is from a member of my group, can some one please help me answer her question.

“Well hello hello I’d like to introduce myself. I’m a soon-to-be-business owner from brooklyn, who’s looking to buy and manager her own franchise. I’m 24 years old and I’m interested in getting advice on how to get ’seed $$’ :) . I have thought about many fundraisers but had no ideas on what kind of fundrarisers. I do work full-time and I would like to learn how to budget my check on a bi-weekly basis to save $$ to buy this franchise. I would like to purchase this franchise within a 6-12 month period.

I would like to get some opinions on s’. What do you guys think about them? Are they worth buying? I would also like to start my own designated driver service in the near future. Yes! my mind is on overload. So, with all that being said, can I get some input from other brilliant minds?”

Thanks

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1 Comment

  1. Dr. Deth said,

    March 17, 2010 @ 8:26 am

    If you want to buy a franchise, you have to already have money.
    You won’t find investors willing to invest in someone who wants to buy a franchise
    Many of the good ones require you to have $100,000’s or millions in ready cash
    Any decent profitable franchise is going to cost a lot to get into and be prepared to work 100 hrs a week for very low pay until it gets rolling

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