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Top 8 Benefits of Franchising a Business!
By AFA on 05/25/2010
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Franchising represents the perfect "next step" for growing a company. Here are just a few of the reasons why a company might franchise:
- Lower Capital Investment
- Rapid Expansion
- Market Dominance
- Better Managers
- Profitability
- Buying Power
- Greater Name Recognition
- Shared Advertising and Marketing Expenses
New Revenue Streams including:
- Franchise license fees
- Franchise and advertising royalties
- Services provided to the franchisees
- Sales of products and supplies to franchisees
- Rebates from vendors and suppliers
- Sales of logo and signature products
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