Franchise Investments: How to Weigh the Pros and Cons?

I'm evaluating a franchise investment where I lease or own a commercial space, build it out into individual suites, and then sublease them.

The current path is to lease a commercial property with significant initial build-out costs ($900K - $2M).

I’d appreciate insights on the option of owning a property for similar models.


How did you weigh the benefits and risks of leasing vs. owning for a franchise that requires substantial interior improvements?

Would you recommend any specific strategies to protect investment in property improvements?