Better chance of Success
With a franchise, you benefit from the work and experience of others who have already invested their resouress in creating a successful business statistics show that 90% start ups fail within 5 years while U.S. Department of Commerce confirms and this applies to India as well that over 90% of Franchised Businesses continue to operate even after 5 years.
A Proven Business
A Franchiser offers a product or service that has been Successfully developed., tested, refined and marketed. With franchising you are buying into a business that is already operating.
Continued Support in all areas
In a Franchise business you can look forward to support in start- up, training, marketing, advertising, recruiting, management etc.
Brand name recognition
This is one of the key reasons for the success of the Franchising business model. Brand building is an expensive proposition. Established franchisers always offer a national as well as regional promotion and advertising support . This leads to huge economies of scale and makes the business viable for even small set ups.
All the best practices and wealth of knowledge is transferred in order to have a winning business proposition . The Franchisers hold review meeting with the Franchisee to discuss all the aspects of business to enable a check of its progress, to celebrate its success and to plan for the future.