Subscribe to Entrepreneur for $5
Subscribe

The Sure Thing

Are existing franchise systems always a better bet than startups?

By
This story appears in the May 2004 issue of Entrepreneur. Subscribe »

While franchises offer investors proven concepts and tested models, they don't offer guarantees of success. For further insurance, many prospective franchisees select systems with known names and reputations, and steer away from newer concepts. But is older always better?

We spoke with Kevin Lewis, president and CEO of hotel chain Suburban Franchise Systems Inc., about the pros and cons of joining new and existing systems. Here's what Lewis had to say.

Continue reading this article - and everything on Entrepreneur!

We make some of our best content available to Entrepreneur subscribers only. Become a subscriber for just $5 to get an ad-free experience, exclusive access to premium content like this, and unlock special discounts.

Entrepreneur Editors' Picks