The Pros and Cons of Having a Partner When Franchising

When you decide that you want to enter the franchising world, you have quite a few options as to how you can begin. For starters, you can decide to go in on your franchise location or choose to take on a partner. Since there are several pros and cons to having a partner when franchising, it’s important to weigh all of your options before signing on the dotted line.

Pros of Having a Partner

Less Capital at the Start

It’s simple: when you have a partner who is helping you cover start-up costs that come with opening a franchise, you don’t have to front as much money on your own. This is often the most appealing perk of having a partner, especially for those who are eager to open a franchise but may not be able to do so entirely (in terms of finances) on their own.

Help with Decision Making

When you have more than one mind helping make decisions (whether they be every day or the occasional difficult choices), it helps to have two individuals to come to the best solution.

Cons of Having a Partner

More Opinions

When you’re on your own, you can call the shots. However, if you have a partner, you have to take in another person’s opinion and potentially compromise on a decision.

Sharing Profits

When you have a partner who has invested time and money into the business, of course, they will take a share of the profits. While a successful franchise can help set you up to make plenty of profits to share, if you would rather hold onto profits for yourself, you may want to consider going in alone.

 

Whether you decide to become a franchise partner on your own or with a partner, consider joining the Huddle House legacy. We have been delivering customer satisfaction and franchisee success for over five decades, and our brand is iconic in the communities we serve. Get started with us today!

 

When you decide that you want to enter the franchising world, you have quite a few options as to how you can begin. For starters, you can decide to go in on your franchise location or choose to take on a partner. Since there are several pros and cons to having a partner when franchising, it’s important to weigh all of your options before signing on the dotted line.

Pros of Having a Partner

Less Capital at the Start

It’s simple: when you have a partner who is helping you cover start-up costs that come with opening a franchise, you don’t have to front as much money on your own. This is often the most appealing perk of having a partner, especially for those who are eager to open a franchise but may not be able to do so entirely (in terms of finances) on their own.

Help with Decision Making

When you have more than one mind helping make decisions (whether they be every day or the occasional difficult choices), it helps to have two individuals to come to the best solution.

Cons of Having a Partner

More Opinions

When you’re on your own, you can call the shots. However, if you have a partner, you have to take in another person’s opinion and potentially compromise on a decision.

Sharing Profits

When you have a partner who has invested time and money into the business, of course, they will take a share of the profits. While a successful franchise can help set you up to make plenty of profits to share, if you would rather hold onto profits for yourself, you may want to consider going in alone.

 

Whether you decide to become a franchise partner on your own or with a partner, consider joining the Huddle House legacy. We have been delivering customer satisfaction and franchisee success for over five decades, and our brand is iconic in the communities we serve. Get started with us today!