We get asked quite a bit whether our members should buy an existing franchise or a new franchise. The answer is not quite as straight as it appears.
A new franchise usually requires longer hours and a huge focus on building the business. In a new territory, the franchise us usually unproven and unknown. This can also be a positive as a new franchise does not have any reputation, except the one you make it.
An exisiting franchise is more turn-key, but might have some relationships with the community and vendors that will be hard to change. While you do have a customer base and revenue, we suggest looking at the books and getting a lawyer before purchasing an exisiting franchise.