The true cost of running a franchise The true cost of running a franchise

Many small businesses look to grow as soon as possible, but what is the next step? Here, we take a look at the true cost of setting up a franchise.

 The true cost of running a franchise

Franchises can cost anything between £8,000 all the way to £4 million, the average cost of franchising is around the £50,000 mark. When investing, there is an initial cost, but there is also other costs that you will need to pay, in addition to the purchase of the franchise itself, you will need to pay out for things such as inventory, equipment, insurance, training for your employees, rent for your property and wages for your employees.

Many businesses will be looking to growth their business and franchising is one of the best ways to do that, but many business owners remain clueless as to how much it can cost to begin.

The infographic from Franchises has some awesome stats and figures on the cost of franchising and why it is a great idea to invest into one.

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