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3. What are the disadvantages of buying into the sonic franchise?

3. What are the disadvantages of buying into the sonic franchise?

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Answer #1

Following are the Disadvantages of buying a Franchise

  • Buying a franchise means entering into a formal agreement with your franchisor.
  • Franchise agreements involves how to run the business.
  • Buying a franchises may be result in some restrictions on where you operate, the product you sell and the suppliers you use.
  • Your franchise’s reputation depends on the other franchises performance.
  • The franchisor does not renew the agreement at the end of the franchise term.
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