Is Your Franchise Actually Turn Key?

We have spoken to hundreds of Franchise owners and the support from their Franchisor varies greatly.  While many Franchisors talk about “Turn Key Franchises” most leave quite a bit of items for the new Franchisee to figure out.  Among the most common services you will need to obtain on your own:

  • Digital Marketing
  • Legal and setting up your LLC or corporation
  • Basic Accounting
  • Payroll
  • Office maintainance and set up
  • Real Estate negotiations

While every franchise varies from Franchisor to Franchisor, a common theme is “My Franchisor did help me with this.”  This can be very frustrating after you have spent much of your savings buying a Franchise.

When researching a Franchise to buy, we suggest you obain a list of the items the Franchisor offers and the items you will have to obtain yourself.

To get a running start on business, you will need to understand the basics of business operations and spend the majority of your time building your business.

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