Franchise Talk

Buy A Franchise With Eyes Open To Raise Odds Of Success

October 14th, 2009 | Author: Jack

After 32 years working for companies including Xerox, Ryder, AutoNation, and National and Alamo car-rental companies, he retired to spend time with his teenage sons.

When his kids went to college, Custage got bored. So in 2000, he bought a Liquid Capital, a franchise that purchases other companies’ invoices.

A franchise is an option for people who have the money to invest in a business but are looking for corporate support and training they wouldn’t get if they started their own.

In this recession, some people have looked at franchising as “buying a job,” especially for older experienced workers. But experts warn that a franchise is more than a job: it’s a business for which they’re responsible. It’s often a hefty investment of $50,000 or more, plus there usually are monthly royalties and other fees.

South Florida residents who have bought franchisees in recent years say they don’t regret their purchases because they did their research and due diligence, and they’re passionate about their business.

Custage looked for a franchise that didn’t require employees and would give him some personal freedom. He says the franchise has met his earning expectations, even in the recession. Continue reading this post.

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