When buying into a franchise, investors will be required to pay company fees. However, in exchange they will receive a time-tested method and infrastructure for success that allows franchisees to “hit the ground running,” Franchising.com writes.
Franchisees will not have to worry about starting from scratch, as each franchise comes with its own playbook covering everyday operations. Such guidebooks detail the most time- and cost-efficient methods for running the business, the Web site reports. Additionally, franchisees receive training - as part of the franchise fee - so they can avoid having to contract professionals or confront numerous problems as a result of poor training or inexperience.
If potential franchisees do their research, they will even find that some franchises are categorized as “low-cost.” Entrepreneur magazine has an annual list of franchises that have start-up costs under $50,000. In the top ten, one franchise could be started for as little as $2,980.
The Liberty Tax Service franchise opportunity is #9 on the fastest growing franchises list of the 2010 Entrepreneur “Franchise 500.” Our tax franchise is an affordable and viable business choice. Each office provides thorough, computerized tax preparation coupled with superior customer service. For the best small business opportunity in the income tax franchise industry, choose Liberty!