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Buying a franchise can be an excellent way to start your own business with the support of an established brand and business model. Here’s a detailed guide to help you navigate the process of purchasing a franchise in 2024.
1. Understand Franchise Ownership
2. Research and Select a Franchise
3. Evaluate the Franchise
4. Meet with the Franchisor
5. Form a Business Entity
6. Secure Financing
7. Submit a Franchise Application
8. Review and Sign the Franchise Disclosure Document
9. Prepare for Opening
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