Many entrepreneurs and business owners have heard the rumor (and might even believe) that franchised businesses are “safer” or “less risky” than independent or non-franchised businesses. However, if asked to explain this belief, they might balk. The rumor is one of those accepted entrepreneurial clichés that people repeat without knowing exactly why—like “you should incorporate in Delaware.”
In fact, this error stems from misinterpreted survey data from the 90s. That’s not to say that franchises are inherently more risky or less risky than other businesses. Instead, the point is that a business owner must understand the truth about the risks of buying a franchise in order to make an informed decision.
Your Path to Personal and Financial Freedom
Buying a business can be tricky. We’ve simplified the process into 7 steps. This book is your go-to resource to learn why buying a business is your path to success and financial freedom.
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Here at Alexander Abramson, we focus exclusively on business-related legal matters. Our attorneys have advised business owners and entrepreneurs on business purchase and sale transactions for decades.
Ed Alexander is also a Florida licensed business broker and co-owner of FitzGibbon Alexander, Inc., a Central Florida consulting, business valuation, and business brokerage firm.
We would love to speak with you directly about how we can help you in the business buying process. Call us at 407-649-7777 or email a team member to get started.
