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Advantages
  • Because each franchise operation is self financing, you can achieve rapid business growth without large scale capital investment
  • You can quickly create a number of outlets to distribute your products or services
  • You need only a small central organisation with a few highly skilled staff. This keeps your overheads to a minimum, allowing you to maximise profits. It also reduces the amount of time and effort you spend on staffing and administration - leaving you free to concentrate on developing your business
  • Franchisees invest their own money in their operations, so they are likely to be highly motivated and keen to minimise costs and maximise sales
  • Franchisees may have considerable local knowledge or involvement in local community life, which can be good for the business
  • Franchisees are responsible for financing and maintaining their premises.

Important Notice for Franchising

 
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