Roughly one in seven businesses in the U.S. operates as a franchise. For many, the appeal is clear: you can invest capital into a proven system and become your own boss with the support of an established brand.
Questions to Ask Before You Buy a Franchise
Before leaving a career to pursue franchise ownership in Georgia, it is important to evaluate whether the move makes sense for you. Consider:
How satisfied were you with your prior career?
Are you at an age or stage where new opportunities for advancement exist?
Did a layoff come from your individual role or a broader industry shift?
These factors help determine if franchise ownership is a strategic move or simply a reaction to a recent change.
The Role of Capital in Franchise Ownership
The most defining factor in purchasing a franchise is access to capital. Franchisors charge an initial franchise fee, and most require ongoing royalties based on revenue. Established franchises can require significant upfront investments, sometimes approaching $1,000,000. Without sufficient capital, applicants cannot move forward in the process.
Matching Skills and Goals With the Right Franchise
Not every franchise is a good fit for every entrepreneur. Your background, skills, and personal preferences matter. For example, an accountant may have the business knowledge to keep a fast-food franchise profitable but may dislike the work environment. Similarly, someone with animal allergies should avoid pet-related franchises. Resources exist to help match potential owners with industries that align with their skills and goals.
The Importance of Legal Preparation
Buying a franchise is not just a financial decision; it is a legal one. Franchise ownership involves reviewing and understanding the Franchise Disclosure Document (FDD) and signing the Franchise Agreement. These agreements are binding and can be lengthy, often outlining every operational detail. Although franchises are regulated at the federal level, state laws also apply. Georgia has its own rules that make legal review even more important.
Work With Experienced Atlanta Franchise Attorneys
Franchise ownership can be a rewarding path, but the process is complex and the stakes are high. At Thrift McLemore, we help aspiring franchisees in Atlanta and across Georgia review agreements, understand disclosure documents, and negotiate terms that protect their interests.
Take the Next Step Toward Franchise Ownership in Georgia
If you are considering a career change and want to pursue a franchise, you do not need to navigate the process alone. Our Georgia franchise attorneys will guide you through every phase and ensure your investment is protected. Call us today at 678-882-0830 to schedule a consultation.
