How much does it cost to start a franchise?

As you might expect, certain franchises are more expensive to start than others — and you may need a larger investment if you're opening a location in a popular market, like a large city. Startup franchise costs can range anywhere from $20,000 to $1 million, depending on the brand and real estate requirements.

Do you need a franchise fee?

It's not just a legal necessity; the FDD is a treasure trove of essential information about franchise costs. Initial Franchise Fee: Typically, franchisors require an upfront payment to allow you into their franchise system. This fee can vary drastically based on the franchise brand's clout and the potential returns.

Should you buy a franchise?

If buying a franchise is something you are thinking about, one of the critical considerations is the cost. Starting your own business is a serious investment, no matter if you go it alone or opt for the support and guidance of an existing franchise. What are the average costs associated with franchise ownership?