Think about it like the stock market
There are blue chip franchises, Burger King, Mcdonalds,Dominos Pizza
Then there is mid cap franchises Dunkin, Taco Bell
And then you have Penny stocks, franchises that you have never heard of
Avoid the last group
If you get a blue chip one in a nice location then you are basically set for life, but these have very high net worth requirements. Having high net worth is not even enough sometimes, Mcdonalds requires you to have some job experience in the fast food industry before you can apply for a franchise, plus you need to be worth at least a million and thats the lower bound.
There are blue chip franchises, Burger King, Mcdonalds,Dominos Pizza
Then there is mid cap franchises Dunkin, Taco Bell
And then you have Penny stocks, franchises that you have never heard of
Avoid the last group
If you get a blue chip one in a nice location then you are basically set for life, but these have very high net worth requirements. Having high net worth is not even enough sometimes, Mcdonalds requires you to have some job experience in the fast food industry before you can apply for a franchise, plus you need to be worth at least a million and thats the lower bound.