GGB It transfers some risks and adds others. A proven system reduces concept risk; the franchise fee, the royalty and the marketing levy sit on the P&L for the life of the agreement, and the system was usually built for a different rent and a different guest. Whether it is safer depends on the unit economics at your rent, which is the test most buyers skip.
From Buying a Franchise vs Building a Concept in the UAE: The Questions a Franchise-Sourcing Agent Will Not Ask You — the full reading, with the method behind this answer.