Franchise vs. Independent

What is a franchise? Well, some of the most popular ones, and most common, are fast food places, such as McDonald’s and Wendy’s. Other’s such as Lowe’s, Best Buy, Target and Costco sell home goods and such.

All the above stores have one thing in common: each store is part of a larger franchise that has many “sub-stores”. So, whether it’s located in Kansas, or here in Montana, Target has the same logo, the same red letters, the same products.

You can decide to start a franchise branch. Let’s say you decide to open a new Lowe’s in your city. You then talk to Lowe’s, the corporation, and they help you. You don’t have any risk at all, because they help you plan your location, Continue reading