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Frequently Asked Questions

Q: What is a franchise, and how does it work?

A franchise is a business model where an individual (franchisee) buys the rights to operate a location under an established brand (franchisor). The franchisee pays initial and ongoing fees in exchange for training, systems, and support.

Q: How much does it cost to buy a franchise?

Franchise costs vary widely, ranging from $10,000 to over $1 million, depending on the brand, industry, and business model. Typical expenses include the franchise fee, equipment, build-out, inventory, and working capital.

Q: What kind of support do franchisors provide?

Most franchisors offer initial training, site selection assistance, marketing support, operational systems, and ongoing coaching or field support. The level of support varies by brand.

Q: Do I need prior industry experience?

Not necessarily. Many franchises are designed for people with no experience in the industry but who have strong leadership and business skills. Franchisors typically provide training to get you started.

Q: How long does it take to open a franchise location?

It depends on the business type. For service-based franchises, it may take 1–3 months. For retail or restaurant models, it could take 6–12 months, including site selection, permits, and build-out.

Q: Can I own more than one franchise location?

Yes. Many franchisees start with one unit and expand into multi-unit ownership as they grow and gain confidence. Some brands even offer area development agreements.

Q: What is the Franchise Disclosure Document (FDD)?

The FDD is a legal document franchisors must provide. It outlines fees, obligations, financials, litigation history, and other critical details to help you make an informed decision.

Q: How do I know if a franchise is a good fit for me?

It starts with self-assessment: your goals, skills, finances, and lifestyle preferences. A Legacy Coach can help you match with brands aligned with your values and long-term vision.