As in a lot of business methods, franchise myths seem to abound. Such myths harm both franchisors and franchisees.
Best Franchise Opportunities
It was inevitable. The franchise sales engines have been spewing speculative claims about what we might call “pandemic opportunities”. The story is that many restaurants (estimates range from 3% to 50%) will close permanently because of the pandemic and the corresponding recession.
Franchisors are not required by the Federal Trade Commission or by most state statutes to provide prospective franchisees with information about how well their current franchisees are doing financially or how well their company-owned outlets are doing.
Every prospective franchisee wants to identify the best franchise opportunities for them. Every good franchisor wants to know how they can create a successful franchise.