Buying a franchise is a good option for entrepreneurs who want to start a business but don’t want to go through the hard work of establishing a new brand and system. However, purchasing a franchise is not as simple as it may seem. This article will show you how to buy a franchise in 8 steps.
If you have a franchise in mind and have money in a qualified retirement account, you can finance the purchase with a rollover for business startups (ROBS). A ROBS lets you use your retirement funds to start a business or franchise without paying early withdrawal penalties or taxes. If you have at least $50,000 in retirement funds you can contact Guidant, our recommended ROBS provider, for a free no-obligation consultation.