Shared with the franchisee who opens

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MasudIbne756
Posts: 90
Joined: Sat Dec 21, 2024 3:57 am

Shared with the franchisee who opens

Post by MasudIbne756 »

REDUCTION OF BUSINESS RISK:
BRAND GROWTH: Directly proportional to the number of new openings
PURCHASING POWER: Having a brand with 100 outlets increases purchasing power with suppliers
EMPLOYEE MANAGEMENT: It will be less demanding because there will be a franchisee trained to do it
Advantages:
Access to Capital : Expanding a franchise business allows you to expand with little debt. The business expands as capital becomes available from franchisees instead of taking on debt chinese thailand data through loans.
Fast and easy expansion : Starting a franchise allows for easy growth, as opening a new location is not just the responsibility of one entrepreneur (in terms of cost and time), but of two! This allows the network to grow quickly and with much less effort.
Reduced Business Risk: This is perhaps the biggest advantage for a franchisor, seeing their business grow while reducing their business risk. Because the franchisee assumes the debt and liability of their franchise location, the franchisor gets all the benefits of an additional location without the risk.
Brand Growth: The more openings you make, the more your brand will grow. This will allow the franchisor not only to have more and more customers, but also to be able to sell affiliations at a higher price, proportionate to the growth of the Brand.
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