Requirements Rise for Franchise Buying
(Wall Street Journal) — For entrepreneurs, it’s getting tougher to get in on some franchises these days. With the economy in the dumps, an array of franchisers are raising their standards for prospective buyers. They’re demanding candidates bring much more cash to the table, as well as a stronger track record of experience in the industry. In some cases, they’re even inspecting the buyers’ current operations to see just how well they’re run.
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