Discuss the pros and cons of franchising Detail some importa

Discuss the pros and cons of franchising. Detail some important questions individuals need to research prior to buying franchises.

Some of the pros and cons of franchising:-

Some important questions individuals need to research prior to buying franchises.

Pros of franchising	Cons of franchising
It comes with a ready made business plan because you need not to think muh about it. You just need to invest money with a better location.	Frachises can come with higher start-up cost so if you do not have enough money or any secure loan then it is not a good option for you.
Easier to secure financing because some of the franchises are giving loans who wants to buy their franchise. So franchise gives a financial hand to help.	Less fexibility because you need to follow all the rules, its not your local business and you cannot change or add any product as per your convinience.
Less risky and independent business becuase you already know about the popularity of the product.	Franchises fees can add up as per the increase in profit becuase you need to give the fees or a portion of monthly profit to the franchisor.
Can increase the profit with the help of brand name and popularity.	The fate of your business is not in your control you need to follow the franchise rules and regulations.
Very easy to get advice about thr franchise and you can take advice from people who have done the same.	Many federal and state regulation that can impact the business.