Why do celebrities own franchises?

Have you ever wondered why celebrities, who often already have millions of dollars, open franchises? Well, sometimes there’s more to owning a business than just making money. Read on to see some of the non-monetary benefits these famous folks are seeking.

Fulfilling a dream

Do you have fond memories of going to a fast food franchise when you were a kid? Many celebrities are no different than you or I in this respect. They want to relive those fond memories with their very own franchise and pass on the good feelings to future generations.

Helping family and friends

Although celebrities may have plenty of cash in their own coffers, many of their friends and relatives are not so lucky. Sometimes, they want to help out their loved ones – not with a handout but with an honest job that could lead to a lifelong career. Hiring people they know for positions in their franchise is one way to accomplish this.

Recognition

It’s no secret that celebrities often crave recognition. But being involved in the career that made them a celebrity isn’t the only way to get it. Often, there is a sense of ownership and pride that comes with being able to say you run the franchise down the street.