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Any franchise owners out there? (alien.top)

submitted 1 year ago by DevilWearsPrada29@alien.top to c/entrepreneur@indiehackers.space

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Hi all, need some advice - My spouse and I work in tech, both experiencing major burnout. We’re tired of the 9-5 grind and want to switch over to a business. Since neither of us has any prior business experience we are considering opening up a franchise. We’re still exploring the options but some of them include a local gym or a daycare facility (both of which align with our personal passions).

Does anyone here have experiences with profitable franchises? Anything you recommend to avoid? Are there any recommendations for franchises? Thanks so much!

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[–] JazzFestFreak@alien.top 1 points 1 year ago

I used to be a 2nd tier franchisor and a franchisee.

The disclosure document is the most important thing you’ll ever read when you commit to a multi year large dollar obligation.

That document will list all of the other franchisees. Past and present. You will want to use that to go ahead and find those it failed and those have succeeded. explore that list in depth. Know what their experience is so that you can see if their experience will meet your goals.

In many franchises, owning one means, you just bought yourself a job opening to or even three will still mean the same thing. But opening for five or more could mean that you actually have succeeded in a career with flexible hours and financial success.

Feel free to DM me if you want to chat further