Business Opportunity

Starting a business from scratch can be overwhelming for first-time entrepreneurs. That's why investing in an already successful franchise may be a good solution for your new business venture.

What is franchising?

Franchising is a way of distributing products and services. The original business owner (the franchisor) grants a licence for the use of the trademark or trade name for a fee. The person who buys the franchise (the franchisee) is allowed to use the franchisor's business name and operating system to set up the business. As a franchisee, you pay the franchisor a certain amount (royalties) from your franchise's profits. Normally, the franchisor would draft a franchise agreement with you that includes details about how the franchise will be run.

What are the advantages of owning a franchise?

  • You don't have to come up with an idea for a new business.
  • You get help with business start-up (equipment, suppliers, training).
  • You can buy your supplies in bulk.
  • Your business benefits from existing brand name recognition.
  • An established supply chain and customers are already in place.
  • Buying into a successful franchise can be profitable.

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