• • • FRANCHISE TIP • • •
It Won't Break the Bank
- Often, the rumor floating around is you have to be a millionaire to own a franchise. Yet, more than 50 percent of the approximate3,500 franchises cost less than $100,000 as a total investment. This cost encompasses equipment, franchise fees and any product inventory required to operate the business.
- It is suggested to have 25-30percent of liquid capital available, which would be $25,000-$30,000 in liquid capital for a 100,000 franchise. With the ability to include your 401K and other cash assets, the cost doesn’t cast such a crushing shadow.
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