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Limited budget? Interested in high-end franchises? Browse franchises by investment. Whatever your budget, we’ve divided franchises by their required start-up investment.
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What is a Franchise?
Franchises are an answer to owning your own business, being your own boss, and taking control of your career via self employment.
This website lists a range of business format franchises, but what is a franchise? A franchise is an agreement between two parties, the franchisor and the franchisee, granting the franchisee the rights to trade as the franchisor’s brand. A franchise benefits both parties. It benefits the franchisor, because it enables them to grow their business and branding beyond the limits of a single outlet or tradesman. In turn this increases the reputation and recognition of the brand. This benefits the franchisor plus any franchisees also. Franchisees benefit because it grants them the opportunity to run their own business, be their own boss and ultimately control their success. The success of the franchisee will benefit the franchisor because a successful franchise builds a stronger network, and in turn benefiting the other franchisees.
Some examples of franchises include popular brands such as McDonald’s, Costa Coffee, Dominos and many more.
Upcoming Franchising Events
If you’re looking to become a franchisee, visiting a franchise related event or seminar is a fantastic choice. This is a key step in your franchise due diligence and will no doubt help considerably when it comes to making an informed decision about whether or not to invest.
Franchising events and discovery days enable you to, in most cases, meet the franchisor. For many, a face to face discussion about the business model at hand can put many concerns or queries to rest. You may find it easier to discuss any questions you have. Not to mention, it may also be possible to speak to some existing franchisees! Before attending the event, think of some questions you want to ask the franchisor and any franchisees that are there. Has the business met their expectations? Are they receiving enough support?
Franchise discovery days, exhibitions and seminars are fantastic opportunities to really get to know the business you are interested in, but take the time to explore other opportunities as well.