For encore entrepreneurs, who often have a short time horizon for making their business fortune, buying a franchise is an attractive option. As a rule of thumb, properly chosen franchises cash flow much quicker and provide a faster return on investment than a business which you start on your own.

There are downsides to owning a franchise, however. And the cost of entry is often rather steep. So is buying a franchise right for you? And if so, what kind of franchise is your best choice?