Does anyone know whats involved in opening/buying a Subway or Dunkin Donuts franchise in NJ?
About 75% of franchises fail in America. Do your homework before falling in love with purchasing a franchise. It’s a real business, it requires real effort, and if taken seriously it can be profitable, but you’re going to have to work hard, and sometimes long hours yourself to get it going and sometimes keep it going. Be sure to read the company’s Uniform Franchise Offering Circular and be very familiar with all portions of the Franchise Agreement, paying particular attention to default (by you, the franchisee), and cure terms. You should also understand the royalty section and be familiar with how the franchisor (Subway or Dunkin Donuts) collects data from you so that they can bill you for royalties. Some franchisors have a clause in their contracts that states that if your business is failing, they can take it over from you and run it as a corporate store. If you’re thinking of doing this as a source of retirement income and you’re putting the bulk of your retirement money into the i
