Pros
You get to manage a store as if it is your own business. A lot of business decisions are left to you which is perfect if you want to have a direct hand in your store's success (or failure).
Cons
Everything is black-and-white with this company. If you manage an under-performing store, the manager gets all the blame, despite the fact that he/she didn't have a choice what store he/she acquired. Besides, many other factors contribute to a store's success or failure. The company does not care about family. I heard upper management (district level and above) say this many times: "if you want to work in retail, that will have to be your priority because most of the time you're working 'odd hours' to accommodate the rest of the population who has that M-F 8-5 shift." In other words, you need to sacrifice your family in order to work in retail, so you can help others enjoy their time with their families.