What about a brand new concept?

MarkLeonard's picture

I definitely do not recommend that brand new franchisees buy into a brand new concept. There is too much risk. The franchisor has not yet proven the viability of the concept in your particular market, and with a brand new concept, they may not have figured out either the marketing or operations. Then layer on your lack of experience in that particular franchise and your chances of success are further reduced. I recommend that first-time franchisees buy an established business first.


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