Banking and financing is a big part of it too. Good luck getting Chase to give you a loan to start Monky General. I believe that’s a big part of why you see so many franchise chains. The loan officer for an out of town bank can probably find a hundred similar Subways or whatever and have a good idea of what the financials will look like. On the other hand he has no clue how well or poorly a locally owned business will do so he wants no part of it.