Walter Kim

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If you're looking to buy a business, franchises for sale can offer an attractive option. Franchising involves licensing a business's proprietary knowledge, branding, and products to a franchisee in exchange for an initial fee and ongoing royalties. Franchisors are the businesses that grant these licenses, and they're required by law to disclose important information to potential franchisees. With ongoing royalties typically ranging from 4.6% to 12.5%, franchising can provide a form of passive income. There are many franchises under $50K available, including home service businesses for sale. Franchising can be a great way to take the leap into business ownership with the support of an established brand.

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