If you thought that you were going to franchise on a part time basis, think again because you will not be allowed to do that by most franchises. The top-notch franchise owners have a name and reputation to protect. None of the good brands will risk their name by allowing you to put in half of your effort in the franchise. Most of these franchises are best efforts clause franchise kinds.
A best efforts clause franchise is the one that expressly stipulates in the franchise agreement that the franchisee will work on a full time basis on the franchise. This clause is meant to cut down on the franchisees that are not serious in the business and increase the chances of success.
The best efforts clause franchise will not allow you to delegate the duties of running the franchise to another person as you take care of other businesses. They do know that if you do not run your own business, it is going to fail and if it fails it is going to mean a bad reputation for them. For most franchise owners, running a business stems from a love of the business than anything else, so one needs to be patient and give the business his best time. If one compromises on the effort the output in the business will be low and the result in the long run will hurt the business and give the whole franchise a bad name.
But then again, the management model of the franchising company will vary from company to company. There are those that will stand passive investors as this is how they have been running their business from the beginning. If you want a business that will allow you to delegate the duties of running it to others, you will most likely find one that suits your specifications.