Ready to take the jump into the franchise world? After you've narrowed down your options and settled on a brand, it's time to run all the numbers — from one-time costs to all the associated fees that come with buying and operating a franchise both day-to-day and in the long run.

Although a brick-and-mortar business might require you to secure a storefront and staff and an ecommerce company might include software expenses and inventory, there are other costs unique to franchising that you should be aware of. From initial investments to royalty fees to legal costs, take stock of these numbers before it's too late.

Related: Considering franchise ownership? Get started now to find your personalized list of franchises that match your lifestyle, interests and budget.

One of the biggest perks of franchising is buying into the company's preexisting model and business method. To do that, you make an initial investment that's called a franchise fee.

The franchise fee is the initial payment you make to the franchisor for the right to use its trademark, business model and support systems. Franchise fees differ from franchise to franchise, but they are typically a one-time payment.

Remember: The franchisor is responsible for developing and maintaining its business model, training you and providing you with a support system — and the franchise fee helps the franchisor recoup........

© Entrepreneur