Buy a Franchise FAQ

Have Questions About Franchising?
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FAQs

  • Q: How much money will I need?

    You will need to cover the franchise fee, the setup costs, and operating capital to run the business.

  • Q: Can I use my retirement account?

    You can use your 401(k) without penalties. Work with a professional to do this correctly.

  • Q: Can I be an absentee owner?

    It depends on the franchise, as some franchisors require that the franchisee operate the business.

Did You Know?

  • You can buy franchises as a single unit, multiple units, or a whole region.
  • There is a franchise opportunity in almost every industry and line of business.
  • Veterans have special financing programs for franchising.
  • Franchise businesses are forecasted to reach $493 billion in US sales in 2014.
  • You can use your 401(k) to Buy a Franchise?
  • Franchises have a 90% success rate while independent businesses have only a 15% success rate?
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Legacy Brings On New Brand: BGR The Burger Joint

Ed Kelley, President of BGR The Burger Joint, has chosen Legacy Franchise Group to lead an aggressive franchise development effort worldwide.