The Franchise King®

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.

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.

Free Franchise Quiz
Find Out If You Should Own A Franchise Before You Write That Big Check
Invalid email address

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!
follow us in feedly
franchise article written by joel libava
Note: When you buy through links on this website, 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 23 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.

Joel Wrote The Book
Joel literally wrote the book on becoming a franchise owner. He is very knowledgeable (and very forthcoming) about the ins and outs of buying into a franchise system. I recommend Joel for concrete advice on evaluating the business end of franchise opportunities ."
- Jeffery Fabian, Owner of Smart Content
Free Franchise Tools Franchise Compatibility Quiz Net Worth Calculator
VIP Franchise Newsletter

"Many receive advice, only the wise profit from it."
- Harper Lee
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
Best Franchises To Own

Top 33 Business Ideas
6-Figure Home Businesses 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
Top 10 Franchise Buying Tips

Visiting Franchise Headquarters? You Can Book Your Flight Here!