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What is the difference between buying a franchise and buying an independent business?

Ever wonder what you should buy?  Do you buy a business or buy a franchise, which one if better?  Keep in mind, a franchise is a business, it is a specific type of business model.  Other than that, buying a business which is a franchise vs an independent business is very similar.   A franchise and an independent business both have customers, both have sales, both could be in the same industry however a franchise may have a better brand recognition than an independent business but not necessarily.  A franchise will cater more to the masses whereas an independent business may be a niche player or cater to the masses.... More

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