The Franchise King® | Learn How To Become A Franchisee

What “Buying a Franchise” Really Means

buying a franchise meaning(Grand Opening of a new franchise business)

In this post, I’m going to explain what the phrase “buying a franchise” actually means.

(This post may contain affiliate links. Please read my disclosure policy).

Meet Jim

Jim is was the Director of Marketing for a company that produced GPS products. Until he lost his job.



Free Franchise Quiz
Find Out If You'll Be A Successful Franchise Owner!
Invalid email address



Meet Monica

Monica is the project manager who worked side-by-side with Jim. She still has her job.


A Recent Interaction

The following is a short conversation between Jim, the recently downsized employee and Monica, who was the product manager he worked with.

Monica: “So Jim, is it true that you’re buying a franchise?”

Jim: “It sure is, Monica. As you know, I liked my job, but this is the 4th time I’ve been let go in the last 15 years. I’m done.”

Monica: “Congratulations! What franchise are you buying?”

Jim: “I already bought it. It’s called ‘The Eggcitement Cafe.’ It’s a breakfast-only restaurant.”

Monica: “That’s great! So you bought a food franchise, huh?”

Jim: “Yes I did, and I can’t wait to open for business!”


 

Jim Bought A Franchise

 


 
He didn’t. He bought way more than that.

Watch the video below to see what I mean.
 

 
Do you see why the phrase “buying a franchise” doesn’t do justice to what you’re really doing when you purchase a franchise?
 
Here’s a link to the web page I mentioned in the video.
 

Please Share This Article!
2Shares
Note: When you buy through links on our site, we may earn an affiliate commission. In addition, I've started to use AI to help me craft better article titles and headings.
joel libava

I'm The Franchise King®, Joel Libava. I help prospective franchise owners avoid bank account emptying mistakes. For over 20 years, I’ve been showing people how to make smart, informed decisions on franchises to buy, and I can help you, too!
P.S. I'm not a franchise consultant/broker.

“I've been a fan of Joel's for years. He's picked a niche and made himself the undisputed expert. I'd recommend him to anyone looking to start a franchise. "
- Gene Marks, Business Expert, Keynote Speaker
Free Franchise Tools Franchise Compatibility Quiz Net Worth Calculator
VIP Franchise Newsletter

Recommended Reading
How Franchises Work
How Much Is A Franchise?
Pros And Cons Of A Franchise What Is The Franchise Fee? How To Buy A Franchise
Top 21 Franchise Opportunities
Top 33 Business Opportunities Starbucks Franchise Facts
Featured Franchises!
10 Best Franchise Websites
About Franchise Consultants
How To Read A FDD
Questions To Ask Franchisors
Questions To Ask Franchisees Franchise Discovery Day Franchise Reviews
Your Franchise Business Plan

A 401(k) For A Franchise?

Top 10 Franchise Buying Tips
Free Franchise Quiz
Find Out If You'll Be A Successful Franchise Owner!
Invalid email address