Starting a franchise isn’t as simple as paying a fee and getting the keys to the front door. From upfront investments and ongoing royalties to less obvious expenses like technology fees and working capital, the actual cost of owning a franchise is much more complex than many first-time franchisees expect. This article breaks down the costs you need to plan for to ensure you’re well-financed in advance of opening your business.

Emily Staples FASTSIGNS location has grown immensely since she opened in 2018. She credits getting involved in her community, particularly with the Chamber of Commerce, for her success.

Thinking about buying a franchise in today’s market? Before you invest, learn how to identify franchise models designed to withstand economic volatility. Michelle Rowan and franchise executive Mark Jameson break down the traits of recession-resistant franchise systems, the questions candidates should ask during due diligence, and how strong franchisors support owners through uncertainty.

If you’re looking to invest in a new business that can survive in an unpredictable market, or even a recession, you may want to consider investing in one of these recession-resistant industries. Find out what makes a business recession-resistant and how to identify a franchise that has the best chance of success in a down economy.

Want to own a Dunkin Donuts franchise? Learn how much money you can make, the pros and cons of ownership, and discover other top-rated coffee franchises.