The amount of money you will require to open your franchise will vary by industry. The total cost also depends on the franchise you are working with as franchising fees vary widely. Starting a franchise could cost anywhere from $50,000 to $500,000. These costs will cover the franchising fee as well as store construction, supplies and equipment that you will need.
How much will you need to finance your franchise?
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Starting a small business is always risky, and the chance of success is slim. According to the U.S.
Small Business Administration, over 50% of small businesses fail in the first year and 95% fail within the first five years.
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