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How to Find Low Cost Franchise Opportunities
A franchise business is a method of business operation that involves a mother business, or franchiser, that distributes its products through satellite business locations operated by independent third-party operators, called franchisees. A franchisee pays the franchiser an initial startup fee plus ongoing royalties and, in exchange, gets to use the business name, trademarked products and/or services and marketing methods of the established franchiser. Many businesses operate as franchises, including fast food restaurants, fitness clubs, car washes, real estate offices, retail apparel stores, automotive service shops, travel agencies and many more. Because franchise opportunities are so variant, startup costs and royalty fee agreements come in a wide range of price points. While some franchises cost as little as a few hundred dollars to set up, others can cost you hundreds of thousands of dollars. If you're on a tight budget, follow these tips for how to find low cost franchise opportunities.
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