What are the advantages and disadvantages of being a franchisee?

Vantages are the business is already established so there is less risk, the franchisee benefit from any advertising the franchiser does and the franchiser will give help and support to the franchisee. Disadvantages are there is a higher initial cost, a percentage of ongoing profits made by the business need to be paid to their franchiser and franchisees have less control therefore changes to the format are not usually permitted.