If you’re new to franchising, this introduction should give you a basic understanding of the concept, the variety and the requirements of a format for rapidly replicating a proven successful business with the support and branding of a national organisation.
How Franchising Works
Franchising is a ‘business marriage’ between an existing business (the franchisor) and an individual (the franchise owner). The franchise owner buys licensed rights to clone the franchisor’s business concept in a specific territory for a specified period, backed by full training and support from the franchisor. The franchisor provides a ready-made, established and tested business format including name, corporate power, know-how, training and ongoing support services.
Investing capital, time, effort and any relevant past experience to create their business, the franchise owner replicates the franchisor’s business formula/system, gaining a safer, more structured, brand-led way of moving into independent business. The franchisor gains a new outlet in a new territory with minimum capital investment in setting it up.
Amazing opportunity for only $500 in an industry that is prime for sales.
The coffee vending business is your opportunity to cash in on the 30 billion dollar coffee industry.
Make money building websites for small businesses with our private label website builder
Millions of people retire in poverty - but it doesnt have to be this way!