An Established Business
A franchise offers the advantage of operating under the banner of an already established business. The ideas, the brand, the operating techniques and much more are already tried
A Known Brand
Operating under the banner of a franchise allows a franchisee to take advantage of the previously established brand of the business. Adopting a franchise means the advantage of the franchises trademark and the benefits of a registered trademark.
Simpler Business Financing
Yet another advantage of franchises is the fact that acquiring business finance is generally easier. Investors are far more willing to invest in a business with an established network, secure brand and effective support structure.
Business Relationships
The franchisee can also take advantage of the numerous business relationships already established by the franchisor. The advantages of already established relationships with advertisers and marketing teams may also be of benefit to the new business start-up.
Support and Security
Franchises offer the advantage of a support and security system. Often franchisors will offer training schemes and support with things like the management of accounts, sales, advertising and more.
Less Likely To Fail
The security offered by the franchise can give the impression that the business will be less likely to fail.
You’ll Make More Money?
People often think that another advantage of starting a franchise is that they will make more money. With the backing of a big name and a big brand, the rules of the franchise it is often less easy to invest the profits in a tax-efficient way as you could by forming a new limited company. A franchisee might benefit from higher profits in the beginning,