Business
What is the difference between the person who will buy an independent company and the person who will buy a franchise? A lot of buyers are biased against franchises because they think all franchises are food or auto repair. The people who need immediate cash flow are more likely to buy an up and running business. However, the buyer doesn’t realize they can find an existing franchise that already has cash flow.A franchise has a game plan and playbook. Plus, there’s a lot of support from the franchise itself. However, there is also an agreement to sign and fees associated with them, which is what scares people away. There are pros and cons to both independent companies and franchises.