Franchising is a method that allows an existing individual or new business to buy into an established business operating system, brand name and advice network.
Why Buy a Franchise: Franchise Opportunities allow franchisees to own and run their own new business, but the franchisee opens with a market reputation and franchise information already in place. With a franchise opportunity, you get a system that someone else has proved will work, so your chances of success are enhanced. Customers are more likely to trust a new business when it is a branded business franchise, as they know that the franchisee is working to a regulated franchise definition and the service will be consistent.
The Basics of How a Franchise Works: Franchises exist between two parties: Franchisee and Franchisor. A Franchisee is an individual or company, trading independently, who pays a franchise fee for the right to operate under the banner of a business franchise. The Franchisor collects this fee from franchisees and, in return, provides a combination of franchise information, franchise guidance, franchise discounts and franchise support in an effort to help the new business franchise partners to increase their trade and improve their turnover.
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