A franchise business opportunity refers to a business opportunity, wherein the person who enters into the agreement is permitted to do the business on-behalf of the other company. The company transferring the franchise rights provides the opportunity to use their products and services. It's a great opportunity for people desirous to start their own business.
The following advantages can be derived from a franchise agreement:
1) Use of existing products & services
2) Use of established brand
3) Training & support provided
4) Marketing materials
5) Marketing guidelines & support
6) Good profit sharing ration
7) Low investment to start with
The success of a franchise business to a great extent depends on choosing a right franchise business company. There are many companies offering franchise business opportunities, however, the best franchise company is the one that has got years of market standing and positive reputation. A company offering franchise must deliver all the advantages mentioned above.
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