FAQ

Is it better to purchase a franchise opportunity or start my own business?

»Posted by on Mar 23, 2016 in FAQ | Comments Off on Is it better to purchase a franchise opportunity or start my own business?

Answer: Based on the studies performed by the United States Department of Commerce & NatWest/BFA, the bulk of franchisees are still trading successfully after 5 years. Everyone understands that most of individuals who start in business by themselves, I am unfortunate to state, wind up failing within the first 3 years. When you buy a franchise company, in return for a franchise cost, you receive training and ongoing assistance. You likewise benefit from the understanding that the franchisor has gotten over several years.

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What is a franchise?

»Posted by on Mar 23, 2016 in FAQ | Comments Off on What is a franchise?

Answer: A franchise is, in its easiest terms, a contract between the franchisee and the franchisor, wherein the franchisee has the rights to use the logo designs and hallmarks of the franchisor and the capability to region the franchisors products. Both parties dedicate to a legal agreement which safeguards both their interests. The franchisee usually pays a preliminary franchise cost and continuous royalty payments.

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What is franchising?

»Posted by on Mar 23, 2016 in FAQ | Comments Off on What is franchising?

Answer: Franchising is where you purchase the rights to a business principle, trademarks & know how. In return you pay a franchise cost and a portion of your earnings.

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