I already run a franchise and this is going quite well, but I also have an interest in music and have seen a franchise opportunity for teaching music to toddlers. Can I own more than one franchise?
You will need to check your current agreements and have a conversation with the franchisor. Understandably, most franchise businesses are going to want you to put all of your efforts into the businesses under their brand alone, so to suddenly split your time over two could be problematic. You may even find that if there are minimum performance targets you may not be able to reach if you split your own time.