It is a type of license that grants a franchisee access to a franchisor’s proprietary business knowledge, processes & Brand name. Franchising is one of the popular business expansion systems in the world today. Nowadays, the brand needs to develop a strategic plan for growth, legal documentation, marketing collateral & strategy, operation manuals, logistics and training programs. Virtually every successful franchisor starts with a vision of the future and the role their company will play. A successful franchisor understands the dynamics of the marketplace, the competitive situation and where they fit into the marketplace. More importantly, the Brand will have a clear pathway about the competition & marketplace. Franchisors must translate its vision into reality in order to achieve success. We are here as the bridge between you and success.
Our Franchise Development program for new franchisors encompasses the following elements:
Franchising is a low-cost means of expansion and growth. For which, you will need to develop a strategic plan, legal documentation, marketing and advertising materials, operation manuals and training programs. Virtually every successful franchisor starts with a vision of the future and the role their company will play. A successful franchisor understands the dynamics of the marketplace, the competitive situation and where they fit into the marketplace. More importantly, the franchisor will have an intuitive grasp of where the marketplace is heading and how that’ll provide the company with an opportunity for growth. Vision alone is never enough. You must translate that vision into reality in order to achieve success.
Franchising is one of the popular business expansion systems in the world today. Franchising is the practice of using another person's business model. The franchisor grants an independent operator the right to distribute its products, techniques, and trademarks for a percentage of gross monthly sales and a royalty fee.
There are several factors behind it. The most obvious is the brand name. This is because a good brand name means consistency, quality and consumer trust. Franchising paves the way to a successful brand.
Franchise business gives you the advantage of not having to reinvent the wheel when it comes to handling the various aspects of business right from marketing to human resource management, from accounting to distribution. A proven system enables you to avoid the traps or mistakes a new business makes.
Statistics show that 90% of all startup businesses fail within the first five years of operations. This is because new business owners have to fight against time, they have to learn so much and do so much to get the business off the ground before they run out of capital. Add this to the market power of the competition and you will see why only a few make it past the five year mark.
If you feel you have a product or service which people want and a strong latent demand exists for your product then we advise that you should opt for the franchise route. Franchising would save you from the hassle of investing all the capital yourself .There are numerous formats through which you can franchise your business and selecting the right model is the key to success in today’s highly competitive business environment. At Francolease we not only help you select the right mode of expansion but also simplify the process for you.
We have the expert team to help you make most of the golden opportunities.
