Franchising Series: How Much Will That Franchise Cost?
Source: Bank of America
If you plan to open a popular franchise retail store, restaurant or coffee shop, you are looking at considerable initial costs in addition to whatever franchise fee the franchisor charges. The franchise fee is the upfront investment in the franchise. Fees vary from as little as $2,500 to more than $50,000. The franchise fee gives you the use of the franchise name and products or services. While that may sound low, the franchise fee is almost incidental when factoring in all of the other costs associated with opening a franchise.