Requirement for investing in franchise business

Johnson2468 · Jan 13, 2023

A franchise typically requires an initial investment, which can range from a few thousand dollars to several hundred thousand dollars, depending on the franchise. In addition to the initial investment, you'll also need to pay ongoing royalties to the franchisor. In return, the franchisor provides training, marketing, and support to help you run your business.

Bisolami · Jan 18, 2023

Johnson2468 said:
A franchise typically requires an initial investment, which can range from a few thousand dollars to several hundred thousand dollars, depending on the franchise. In addition to the initial investment, you'll also need to pay ongoing royalties to the franchisor. In return, the franchisor provides training, marketing, and support to help you run your business.

I learnt about this sometime ago but I want to know if we are going to be paying royalties every month or year or just once

flower · Feb 16, 2023

I think that requirement is not going to be tough because it is one of the ways for the company to also increase the awareness by giving out the franchise to someone who can help them promote their brands.

Starmix · Feb 16, 2023

My business is on a franchising and yes, they require investment capital mine is 25, 900 and a royalty fee of 5 percent a month from the total sales, it's because it is a small business, the milk tea selling business.

Bisolami · Feb 16, 2023

I think it will be tough. There are situations whereby the real business is not in your country and you need to reach them

flower said:
I think that requirement is not going to be tough because it is one of the ways for the company to also increase the awareness by giving out the franchise to someone who can help them promote their brands.

Requirement for investing in franchise business

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