Franchise; an opportunity that a company cannot miss out on
Companies can earn a lot of revenue and gain experience from a franchise. You can open countless outlets all over the city or country without having to pay a large sum for the real estate.
The benefits a company can reap from franchising: The franchisor benefits a lot from the venture with the franchisee. The franchisor earns a lot of revenue by way of commission paid by the franchisee. In this way the company can earn a lot of money just by lending its name to the franchisee. Expansion also becomes easier by way of a franchising business. The Company also avoids any sort of risk of entering into a new and unknown market. And they can learn a lot about the market that the franchise is going into. This knowledge will be very valuable for the company to set up its business in that place in the future. They can avoid losing a lot of money.
An opportunity you cannot miss out on: This is the safest way for a company to expand its business and attract more clients. You will get a fixed amount of commission by the franchisee, no matter how good or bad the franchise is doing. You can also get acquainted with important clients and suppliers. Hence, a company can benefit a lot from a franchise.