{"id":1128,"date":"2025-04-25T18:59:20","date_gmt":"2025-04-25T18:59:20","guid":{"rendered":"https:\/\/belbolcpa.com\/blog\/?p=1128"},"modified":"2025-04-25T18:59:21","modified_gmt":"2025-04-25T18:59:21","slug":"before-you-buy-a-franchise","status":"publish","type":"post","link":"https:\/\/belbolcpa.com\/blog\/before-you-buy-a-franchise\/","title":{"rendered":"Before You Buy a Franchise"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"724\" height=\"482\" src=\"https:\/\/belbolcpa.com\/blog\/wp-content\/uploads\/2025\/04\/05-09-2025-iStock-1226418360.jpg\" alt=\"\" class=\"wp-image-1130\" srcset=\"https:\/\/belbolcpa.com\/blog\/wp-content\/uploads\/2025\/04\/05-09-2025-iStock-1226418360.jpg 724w, https:\/\/belbolcpa.com\/blog\/wp-content\/uploads\/2025\/04\/05-09-2025-iStock-1226418360-300x200.jpg 300w\" sizes=\"auto, (max-width: 724px) 100vw, 724px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Buying a franchise can be a lower-risk way of starting a business, especially for a new entrepreneur. There are things you should look for and things you should avoid.<\/p>\n\n\n\n<p><strong>Look For:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Track record. Make sure the franchise has a history of strong profitability.<\/li>\n\n\n\n<li>Positive experiences from other franchisees. Speak with other franchisees, and not just the ones referred by the franchisor. Speak with the top, middle and bottom franchisees.<\/li>\n\n\n\n<li>Growing opportunities. The franchise should be in a growing industry or niche and create an opportunity to add\/expand your franchise.<\/li>\n\n\n\n<li>Support from the franchisor. This can include training and ongoing operations support.<\/li>\n\n\n\n<li>Trusted brand and name recognition.<\/li>\n<\/ul>\n\n\n\n<p><strong>Avoid:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>New franchises without a track record. How do you know it will be successful if it has only just begun? A new franchise with an unproven business idea creates too much risk.<\/li>\n\n\n\n<li>Low profitability. If most of the franchisees are barely making a profit, then avoid it.<\/li>\n\n\n\n<li>Franchise agreements that require you to take actions that may not benefit you, restrict your profitability, and use up your valuable time.<\/li>\n\n\n\n<li>High royalty and initial franchise fees versus the amount of support and benefits you receive from the royalty fees.<\/li>\n\n\n\n<li>A business that does not play into your strengths and your specific situation.<\/li>\n<\/ul>\n\n\n\n<p><em>If you know a business owner who can benefit from our services, then we would appreciate your referral.<\/em><\/p>\n\n\n\n<p><em>And if you like what you just read, then don\u2019t hesitate to forward to your friends, and\/or click \u201cLike\u201d on LinkedIn!<\/em><\/p>\n\n\n\n<p><strong>Make sure to subscribe to our weekly emails to receive practical business, financial and tax strategies! <\/strong><a href=\"https:\/\/www.belbolcpa.com\/newsletter-signup.htm?\"><strong>Sign Up Now!<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buying a franchise can be a lower-risk way of starting a business, especially for a new entrepreneur. There are things you should look for and things you should avoid. Look For: Avoid: If you know a business owner who can benefit from our services, then we would appreciate your referral. And if you like what [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[3,7,8,10],"tags":[],"class_list":{"0":"post-1128","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business","7":"category-expenses","8":"category-financial","9":"category-investments","10":"entry"},"_links":{"self":[{"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/posts\/1128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/comments?post=1128"}],"version-history":[{"count":1,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/posts\/1128\/revisions"}],"predecessor-version":[{"id":1131,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/posts\/1128\/revisions\/1131"}],"wp:attachment":[{"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/media?parent=1128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/categories?post=1128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/belbolcpa.com\/blog\/wp-json\/wp\/v2\/tags?post=1128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}