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Buying a Franchise

Are You a Franchise?

When searching for a business opportunity, you must first assess the type of business owner you will be. Do you prefer less risk? Are you more cautious in your business decisions? If so, buying a franchise may be the right decision for you. Other traits that typically characterize someone who may be right to buy a franchise are:

• A franchisee tends to be more conservative.

• A franchisee wants to replicate a successful business model.

• A franchisee is open to expert guidance.

• A franchisee is more methodical and prefers to mitigate risks.

• A franchisee likes interaction with the franchisor and fellow franchisees.

What is a Franchise?

The International Franchise Association (IFA) defines a franchise as an agreement or license between two legally independent parties providing a franchisee:

• The right to market a product or service using the operating methods and trademark or tradename of the franchisor.

• The obligation to pay the franchisor for those rights (typically in the form of a percentage-based royalty fee).

• Rights and support provided by the franchisor after you buy a franchise.

Get Started

Now that you have decided you want to buy a franchise, it is time to find the type of franchise that will suit your needs. Sunbelt can help you with the complex process of buying a franchise. Search our database of franchises for sale here.