When a person gets interested in opening a franchise, the first question they inevitably ask is: how much will it cost? They mean much more than the franchise fee. They're talking about the entire sum of expenses that an entrepreneur can expect to pay over the lifetime of a franchise. Luckily Franchise Direct's multimedia has created some graphs and charts that outline the costs that a franchisee can expect to pay.
The latest addition to Franchise Direct's Information Center is the Franchise Costs page. This is an outstanding resources for people about purchase a franchise. It will have been flagged to every entrepreneur that every franchise includes a one-off franchisee fee of a varying amount. But how much can franchisees expect to pay and what are the other costs involved in owning a franchise? Franchise Direct can now tell you.
The Franchise Costs pages starts with a handy graph that explains the various initial investments involved in franchise ownership. This page explains many of the common costs that come with launching a franchise, including real estate, training and equipment support and costs.
Finally, there's a great explanation (again in graph form) of the ongoing costs involved in franchise ownership. These include royalties, advertising and marketing and insurance.
No business is a guaranteed success, but by knowing the costs involved in opening a franchise, you'll be as prepared as possible for your franchise career.