Frequently Asked Questions ::

If you are considering franchising your business these are some of the Frequently Asked Questions:

What are the advantages of franchising?

• Access to more capital
• Faster expansion into new markets
• An advertising fund pool to which all franchisees contribute. Such a fund increases customer awareness
• Business owners are more motivated than employees and produce higher revenues
• The franchisee has a long-term contract and has made a major investment. They are committed to the success of the business

What makes a business franchisable?

• There must be a market for the product
• There must be a successful prototype of the business
• All details of the business must be able to be recorded and duplicated
• It must be possible to teach the business in a short period of time

What are the elements of a successful new franchise?

• An industry where franchising is relatively unknown
• A simple, easy to learn concept
• Sufficient return on investment for franchisees
• Reasonable investment requirement