Information About Franchise Start-Up Costs
- Franchise start-up costs generally refer to the amount of money you need to buy into the company, which is sometimes known as the initial investment. You also need a certain amount of money set aside to pay any bills that arise before your business begins bringing in money.
- Into your franchise start-up costs, you need to add the cost of purchasing or renting your business space and any operational costs, including electricity and Internet. The franchise isn't responsible for these costs.
- Always pay attention to any franchise costs charged after the initial fee. Many companies charge a fee every year to use the company's name and logo. You may also be responsible for paying a percentage of your profits back to the parent company.
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