What are the costs associated with franchising a business?

What are the costs associated with franchising a business?

Franchising costs can vary widely, but typically include initial franchise fees, ongoing royalties, and marketing fees.

Can you break down the initial franchise fees for me?

Initial franchise fees usually range from $20,000 to $50,000, depending on the brand and industry.

What about ongoing costs after the franchise is established?

Ongoing costs may include royalty fees, which are often 4-8% of gross sales, and contributions to a national marketing fund.

Are there any hidden costs I should be aware of?

Yes, potential hidden costs can include training expenses, equipment purchases, and leasehold improvements.