To buy a franchise is guarantee of success. The success of the business will depend on the dedication and efforts from the investor.
Franchises are not only for fast-food businesses. Franchises cover more than 60 areas, food is only one of its industries. There are different types of franchises in Mexico, and services and the children sector represent the biggest growth for the past years.
Franchises are expensive. There are franchises for all investment ranks. In Mexico, more than 50% of the offered franchises are in an investment rank of approximately 100,000 usd., however, we can find franchises from 10,000 usd.
Do I have to invest a lot of money to have a business that can bring me a lot of money? There is no connection between the amount of initial investment and potential income. Profits are the result of a lot of factors like location, operational efficiency, and the market, among others.
Do I need experience in business administration to own a franchise? Franchises come with training systems and technological support that allow operating efficiently in every business aspect, even without previous experience.
Most franchisors are big companies. Approximately 6.5% of the existing systems have more than 100 franchises operating.
Franchises are the same as any other business opportunity. A franchise is a legal figure. It is ruled by law, when others like multi-level, commercialization, distribution, and other forms are not.