1 / 3

Advantages and Disadvantages of a Franchise Business

Franchise business is the shortest method to get success in the market, but a franchisee needs to consider these drawbacks while considering it. As far as real estate franchisees are concerned, the owner can also be a part of the development team of property to get real estate related benefits and income.

franchiselawus
Download Presentation

Advantages and Disadvantages of a Franchise Business

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Advantages and Disadvantages of a Franchise Business Out of all, franchising is believed to the best way to start a business. It is a business where a franchisee needs to pay an initial fee and ongoing royalties to a franchisor and in return, he gets the permission to use franchisor’s trademark and ongoing support from the franchisor. A franchise is a legal permission given to the franchisee to use the franchisor’s system of doing business and trade its products or services. When it comes to getting sure shot success, a property franchise is the best to take your business to the next level. Purpose of a Franchise The sole purpose of a franchise is to uphold the set standard for its customers and establish a relationship in between clients, franchisees, and customers.

  2. Advantages of Franchise 1. Impact dynamics: It helps in developing your business and eliminates hurdles to get profits. 2.  Real Estate: As far as real estate franchisees are concerned, the owner can also be a part of the development team of property to get real estate related benefits and income.  3. A franchise can offer you an ideal way to expand your business in a competitive way involving high risk.  4. Franchising doesn't promise to eliminate mistakes, but it minimizes the occurrence of risk, due to which the profit is made. 5. Franchises related to real estate usually offer name recognition. 6. Property franchises also offer sales training and support facilities: If a professional is good in generating sales lead then they will offer incentive otherwise they will provide a training session for that. As you have seen, there are many advantages of owning a franchise but there are some drawbacks that you need to know while considering a franchise business.

  3. Drawbacks of Franchise 1. Cost  Franchise business requires a lot of money. It is important to know that the profit percentage is calculated by the amount of initial investment. 2. Restrictions Franchise business has a lot of restrictions including products, territory marketing,   pricing,   employee   performance   and   policies   which   are crucial to the business’ success. 3. Brand Being a franchisee, you need to use the trademark of the franchisor only. For More Information Visit Here: Click here for visit our website:www.franchise-law.com

More Related