Hey this is actually my first post, so hello to everyone. As far as franchises go there is no strict format. However, all companies that franchise have documents known as a prospectus. It basically runs down the financials, the rules and regulations, and gives estimated profit margins. Truthfully, the well established franchises (DD, Subway, BK, McD's, etc) know that they can charge higher rates and demand higher qualifications. Some other things are the number of locations you are required to open, the geographic coverage (if someone else can open the same franchise within x miles), supplier guidelines, training, etc. The key is to find an emerging franchise that you feel is a great idea. Depending on how much time, money, and effort you want to put in, it is a viable option for success. Oh and I do not own a franchise, but I found out a lot of information by taking a course called evaluating franchise opportunities for one of my majors. If you really want to make money you can become an area developer, where you own multiple locations and recruit franchisees, which you gain commissions from.
