Product franchising is very big business, but it is not an investment consideration for all but a very few. The true fame of franchise investments has come as a result of business format franchising, which, from this point forward I will be referring to as I speak of franchising. Retail franchises may sell tangible products, like food, lodging, clothing, appliances, toys, automobile parts, etc. They may also sell services such as automotive maintenance repair, health programs, accounting, decorating or other services with tangible or intangible products. These franchise businesses may operate from a retail store space, an office or from home Retail franchises require retail space, a store, a building or an office, retail service franchises generally do not.
Customers come to retail locations to purchase franchise products or services.
Virtually any product or service that is sold to the public can be purchased through a retail franchise store or mobile franchise service. Getting the right information, accurate and current, before you buy can prevent costly litigation and financial disaster. If you haven't been living under a rock for the last several years, then you know the tremendous success that the franchise method of doing business has achieved. For every one hundred franchises sold, ninety five succeed. Nine out of every ten non-franchised businesses, regardless of status, start up or existing businesses, fail.