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It all depends on the business and the area. Some can be great, others drive you to Bky.
The great ones tend to be harder to get. For example, my understanding is 5 Guys Burgers have all done very well, but they are difficult to get.
I knew someone who owned 15 Subways in Connecticut, he did very well with them, although it was a lot of work.
I also know that a few years back, the franchisee of all of the Burger Kings in a big city in Texas (I think it was 25+ restaurants owned by one person) went under.
So, like any biz, there is no general answer.
My neighbor opened some kind of PO Box/mail franchise a few years ago. It was one of those places that has po boxes, sells stamps, ships boxes, etc. It worked out very badly for him. Many years of really hard work, fighting with the unreasonable franchisor, long hours, all to just lose money. He eventually had to sell his house and move to some lower cost housing area like Phoenix, just to survive.
One thing about owning a franchise, in many ways you are just an employee of the franchisor. Generally, they will tell you what you will buy, the price you will buy it at, the price you will sell it at, when and how much you will spend on the business and improving your facilities, etc. etc. etc.
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