All that you need to know about Franchising and Franchise Opportunities

All that you need to know about Franchising and Franchise Opportunities Franchising is proving to be the most resilient and effective way to undertake large scale expansions. Many corporations particularly those based in the U. S have undertaken... More

All that you need to know about Franchising and Franchise Opportunities Franchising is proving to be the most resilient and effective way to undertake large scale expansions. Many corporations particularly those based in the U. S have undertaken significant expansion and to some extent diversification through this route. The fact that both the franchiser and franchisee have a stake in the success of the store or the outlet coupled with the fact that the appointed franchisees are usually indigenous people with good understanding of local laws; this coupled with the international and modern best practices of the franchiser enables scope for considerable synergy. Franchise cost: Franchise cost generally depends on the following factors, • Franchise fee: It is necessary to understand all services included in this fee, because some franchisers include land survey, expertise and skill development cost and their trademark and logo cost whereas some charge the franchise fee as a cost for ju Less