Have been putting some thought into franchises again as of late. I have combed through all of the franchise threads on TexAgs from the past and have seen the discouraging stories of franchises gone wrong. I, like many I have seen on here have always been skeptical and have talked myself out of this kind of thing before, but my question is how do places like "Captain D's, Long John silvers, Burger King, Arby's etc" open and remain open for years and appear to have little to no traffic at all? That makes me wonder if they really fail at as high a rate as I, or many others think. One would think that any more recognizable chains than the ones I mentioned above would do that much better just off of name recognition alone (whataburger, wendy's, subway etc).
I almost feel like this thinking of just chalking it up to a disastrous failure/scam that is not worth exploring is just a way to make myself feel better about not taking the risk and doing it. Perhaps its those that just ignore the noise, see an opportunity and go for it that come out on top. I feel like we only ever hear from the people who have seen franchises fail chime in, and those who are successful with it keep quiet for the most part.
I almost feel like this thinking of just chalking it up to a disastrous failure/scam that is not worth exploring is just a way to make myself feel better about not taking the risk and doing it. Perhaps its those that just ignore the noise, see an opportunity and go for it that come out on top. I feel like we only ever hear from the people who have seen franchises fail chime in, and those who are successful with it keep quiet for the most part.