Franchisors should consider introducing calculator tools for prospective franchisees to determine initial profit estimates, an expert says, following in the footsteps of bed franchise Bedshed.
In a bid to stand out from its competitors in the franchise sector, Bedshed has introduced a calculator tool, designed to help prospective franchisees better evaluate the franchise system.
The online tool calculates figures, including the marketing fee, royalty fee, sales, gross margin and expenses, to provide an initial profit estimate and a long-term estimated profit projection. Read on…