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In modern times, business models are increasing. One of them is franchising. When a company owner and someone who wishes to operate one of their businesses enter into an agreement. Upon signing this contract, the person has the right to open one of their outlets. These outlets must be the same as the original company, including furniture, equipment, service and taste. Depending on the owners, these contracts can have differing conditions, such as a percentage of gross sales or an initial payment. Franchising, a method of acquiring business opportunities, has been around for more than 150 years. It is a form of contract that allows you to become a part of a recognized business.
In modern times, business models are increasing. One of them is franchising. When a company owner and someone who wishes to operate one of their businesses enter into an agreement. Upon signing this contract, the person has the right to open one of their outlets. These outlets must be the same as the original company, including furniture, equipment, service and taste. Depending on the owners, these contracts can have differing conditions, such as a percentage of gross sales or an initial payment. Franchising, a method of acquiring business opportunities, has been around for more than 150 years. It is a form of contract that allows you to become a part of a recognized business.
Advantages
Advantages
Recognizing brand: Brand awareness is a marketing concept that proves that customers know that a brand exists, according to the online dictionary.
Reduced risk of failure: There is a huge difference in the failure rates when businesses enter in a new market compared to when they enter in a known market when they enter in an industry.
Setup is simple: One of the most difficult aspects of entering a new industry for businesses is figuring out how to build. Franchising solves this problem by making it simple for franchisors to get started.
Ready-to-go client portfolio: The most essential effect of franchising is customer comfort, which means customers know they can obtain the same quality and service of the product or service elsewhere. The majority of franchise business consumers are referred to be "loyal customers." Customers that are loyal to a company are their most precious asset.
It's simple to get financial help: Because franchising has a low failure rate, banks and similar institutions make it easier for franchises to obtain funding and financing. Banks will choose to fund a well-known business model over a startup.
Disadvantages
Disadvantages
Initial investment cost: Initial cost means the non-refundable down payment for the franchise. Franchisees pay the franchisor a one-time fee when they join the system and then pay a percentage of their gross sales as royalties.
Continues cost: Franchisees are required to bear some expenses except for the initial payment such as rental rights, advertising fees, equipment maintenance, staff, insurance, inventory, and a percentage of the franchisor's gross sales.
Dependency: According to Cavaliere and Swerdlow, Franchisors obtain money from franchisees, some of which translates into profits from the franchising activity itself, and also indirectly obtain expansion capital which is at the sole liability of the franchisees” (1988, p.13).
Which is the best franchise with low investment and high profit?
Which is the best franchise with low investment and high profit?
There is no doubt, it's Uncle Fluffy!. Why Uncle Fluffy?
Amazing Product The Japanese food culture is not in any danger of becoming extinct. And the fact that Japanese cheesecake is a big hit, People of different cultures have embraced the unique approach of this product. Well presented, jiggly and literally melts in your mouth. Perfect to all types of beverages.
Amazing Product The Japanese food culture is not in any danger of becoming extinct. And the fact that Japanese cheesecake is a big hit, People of different cultures have embraced the unique approach of this product. Well presented, jiggly and literally melts in your mouth. Perfect to all types of beverages.
Full Support and training The Uncle Fluffy Team works incredibly hard to ensure your investment isn’t going nowhere. After signing the franchise agreement, the support and training team will guide you through the entire process from start to finish; Location Hunting, Equipment buying, Equipment setup, ingredients buying, designs, guidelines, staff hiring and final training.
Full Support and training The Uncle Fluffy Team works incredibly hard to ensure your investment isn’t going nowhere. After signing the franchise agreement, the support and training team will guide you through the entire process from start to finish; Location Hunting, Equipment buying, Equipment setup, ingredients buying, designs, guidelines, staff hiring and final training.
Uncle Fluffy provide digital support by giving access to our Uncle Fluffy Portal.
Uncle Fluffy provide digital support by giving access to our Uncle Fluffy Portal.
But if you want to start small, a 40K USD investment can get you started.
But if you want to start small, a 40K USD investment can get you started.
Easy Setup process You can start your uncle fluffy business in 90 days. Our team is highly experienced in franchising operations across the globe with the top of the mall developers and real estate giants.
Easy Setup process You can start your uncle fluffy business in 90 days. Our team is highly experienced in franchising operations across the globe with the top of the mall developers and real estate giants.
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