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What are the advantages of owning a franchise?
- "Owning a business allows you to go in business for yourself, but not by yourself."
- A franchise provides franchisees with a certain level of independence where they
can operate their business.
- A franchise provides an established product or service which already enjoys widespread
brand name recognition. This gives the franchisee the benefits of customer awareness
which would ordinarily take years to establish.
- A franchise increases your chances of business success because you are associating
with proven products and methods.
- Franchises may offer consumers the attraction of a certain level of quality and
consistency because it is mandated by the franchise agreement.
- Franchises offer important pre-opening support:
- Site selection
- Design and construction
- Financing (in some cases)
- Training
- Grand opening program
- Franchises offer ongoing support
- Training
- National and regional advertising
- Operational procedures and operational assistance
- Ongoing supervision and management support
- Increased spending power and access to bulk purchasing (in some cases)
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Franchise 101
What is a Franchise?
What are the advantages of owning a franchise?
What are the disadvantages of owning a franchise?
What are the legal issues of franchising?
What is the UFDD?
What is the Franchise Agreement?
Franchising your business
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