Franchise was more than a full time job for 3-4 families; we purchased a high end pizza place that delivered… the staff size alone required to run 6-7 days a week would work anyone to death. 30, 40, 50 part time people that cycle in and out.
Outside of that the cost to start was enormous (100’s of thousands of dollars) - we started off strong, in a great market - but eventually other restaurants (pizza places) found this area interesting as well and we slowly lost enough cash flow that we had to sell. Expenses to own a place of dining is very high as well… We needed to gross 35,000-45,000/mo to keep everything going… heck we even paid over 1500/mo just to clean our rags that we wiped the counters with.
To me, a brick and mortar business is just too risky if it is your primary income… you’re bound to an area, a market, changes around you etc.
the benefit of an established franchise is the ‘system’ has been figured out, the advertising is in place, the name is familiar… but you will pay for that through the costs of startup and ongoing cost of % off the top of revenue (gross).
we ended up selling and lost money - I think we all should own businesses and employ people, but in this area - I completely failed
I would almost want to own the building I’m in, and have a few other businesses around me that pay leases to distribute the risk (kinda like a real-estate person would have a mother in law suite, or rental property on their land to off-set costs)
take your time, do the research and keep that money working for you.