What are the advantages of a Franchise
- You don’t have to come up with a business idea, which might be time consuming and expensive
- A tried and tested market
- An established trade name
- Access to an experienced network and advice
- An allocated franchise trade area
- Training in business skills and sales will be offered from good franchises
- Market intelligence from the Franchisor
- Marketing activities undertaken by the Franchisor
- Bulk buying powers of the franchisor
- Finance may be more readily available
- Lead-time to success with a franchise may be smaller than that of a regular start up
Source: Franchise info
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