The Sure Thing
Are existing franchise systems always a better bet than startups?
While franchises offer investors proven concepts and tested business 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 franchise 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.
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