BUYING A FRANCHISE

1) Lower Failure Rate
When you buy a franchise, you are buying an established concept that has been successful. Statistics show that franchisees stand a much better chance of success than people who start independent businesses; independent businesses stand a 70 to 80 percent chance of NOT surviving the first few critical years while franchisees have an 80 percent chance of surviving
2) Help with Start Up and Beyond
You get a lot of help starting your business and running it afterwards. Many franchises are, in fact, turnkey operation. When you buy a franchise, you get all the equipment, supplies and instruction or training needed to start the business. In many cases, you also get ongoing training, and help with management and marketing. Your franchise will reap the benefit of the parent company’s national marketing campaigns, for instance.

3.Buying Power

Your franchise will benefit from the collective buying power of the parent company as the franchisor can afford to buy in bulk and pass the savings along to franchisees. Inventory and supplies will cost less than if you were running an independent company.2.Star Power Many wellknown franchises have national brand-name recognition. Buying a franchise can be like buying a business with built-in customers.3.Profits A franchise business can be immensely profitable. (Think of MacDonald’s and Tim Horton’s, for instance.)




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