The value of a Franchise vs an Independent Business
Written on the 2 February 2015
If you start an independent business it is a gamble.
You are assuming that there will be a market for a particular product or service. As a franchisee you can start out with an established brand and proof of concept.
In 2009/2010 less than half of all the new small businesses opened were still operating after 3 years. On the other hand the average operating tenure of a franchise business is 7 years.
One of the major benefit s for being part of a franchise is support.