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What are the downsides of buying into a franchise business.
My wife and I are thinking of buying into a franchise business with my two brothers and their wives. Three couples going into a franchise with start up costs of about $120k. The biz is in a growth industry which we had no exposure to up until recently when we really needed to hire help and discovered a lack of competent, trustworthy services. Anyway, I was wondering if anyone here has considered owning or currently own a franchise and are willing to share their experience. Thanks!
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