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Guidant’s Complete Guide to Buying a Franchise outlines what it means to be a franchise owner. We have broken down the guide into segments to give prospecting franchise owners an understanding of hidden costs, important documents, and the overall journey to franchise ownership. This introduction to the Guide is the first step.
The journey to becoming a business owner is exciting…but can be overwhelming at the same time. There are a variety of options and opportunities available to you – the world is your proverbial business oyster. This guide is designed to familiarize you with what it means to own a franchise, help you decide if being part of a franchise suits your goals and personality and take you through the ins-and-outs of the journey to franchise ownership.
You’ve done it! Welcome to the last chapter of the Complete Guide to Buying a Franchise. Most of the information in this section will be old news to you, but feel free to come back here for a quick review whenever you’d like.
The range of franchise costs is wide. Some as low as $1,000 and others into the low millions. However, often your initial franchise fee will sit between $10,000 and $50,000. Other costs will include the construction of your location, equipment, materials and the royalty fee. You can learn more about these costs in Chapter 5. The actual cost of your franchise will be laid out in your brand’s FDD.
And with that, congratulations are in order! You’ve officially made it through the entirety of this guide. We hope this has provided value and helped increase your understanding of the franchise process. Good luck with this new adventure!
This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your jurisdiction. Franchise offerings are made by Franchise Disclosure Document only.