Nolo Releases List of 10 Reasons Not to Buy a Franchise

If you commute for any distance you see a new one almost every day. What is it? A new franchise outlet. Food service, retail shop, service provider. Franhcises seem to be an overwhelming force in the small business world. And what could make more sense? Take an established brand and business model and replicate it in a new or underserved market. Instant success from a proven concept. The experts at Nolo Legal disagree and here's why.

1. Questionable profitability

2. High startup costs.

3. Encroachment.

4. Lack of legal recourse.

5. Limited independence.

6. Royalty payments.

7. Inflated pricing on supplies.

8. Restrictions on post-term competition.

9. Advertising fees.

10. Unfair termination.

Get all the more detail in the Forbes article or visit NOLO for more perpective on franchising and other legal issues facing small business.