November 2, 2022

What Does it Take to Actually Buy a Franchise? Financial Cost, Time Commitment, and Risk vs. Reward

When it comes to investing in a franchise, you need more than JUST money. In this video, you’ll learn what to expect financially and otherwise when you invest in a franchise. You’ll learn about the financial cost, including a breakdown of the initial investment, getting the business up and running, working capital, and more. We’ll cover different levels of time commitment and how to make sure your goals and expectations align with the type of franchise you’re going to purchase.

Here are the main points covered in this video:

(0:32) – A breakdown of franchise fees, the cost of the initial investment, and getting the business open

(4:20) – Working capital, personal expenses, and the necessity of a financial buffer

(5:50) – Time investment — Hiring a manager to run the day-to-day aspects of the business

(7:45) – The risk vs. reward of purchasing different franchises

(12:00) – The correlation between how much you invest and how much money you can make