Buying a franchise can be an excellent way to start your own business with the support of an established brand and business model. Here?s a detailed guide to help you navigate the process of purchasing a franchise in 2024. 1. Understand Franchise Ownership 2. Research and Select a Franchise 3. Evaluate the Franchise 4. Meet with the Franchisor 5. Form a Business Entity 6. Secure Financing 7. Submit a Franchise Application 8. Review and Sign the Franchise Disclosure Document 9. Prepare for Opening
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