Franchise
1. The most important Pros of Buying A Franchise is Lower Failure Rate – Franchise
Franchises have a higher rate of success than start-up businesses. When you buy a franchise, you are buying an established concept that has been successful. Statistics show that franchisees stand a much better chance of success than people who start independent businesses; independent businesses stand a 70 to 80 percent chance of NOT surviving the first few critical years while franchisees have an 80 percent chance of surviving (Michael M. Coltman, Franchising in Canada: Pros and Cons, Self-Counsel Press).
2. Pros – Franchisor :
Expanding the scope of business and distribution system by quickly way
Reducing development market costs and add stable revenue from franchise fees
Creating a strong system between trade and finance.
Franchises have a higher rate of success than start-up businesses. When you buy a franchise, you are buying an established concept that has been successful. Statistics show that franchisees stand a much better chance of success than people who start independent businesses; independent businesses stand a 70 to 80 percent chance of NOT surviving the first few critical years while franchisees have an 80 percent chance of surviving (Michael M. Coltman, Franchising in Canada: Pros and Cons, Self-Counsel Press).
2. Pros – Franchisor :
Expanding the scope of business and distribution system by quickly way
Reducing development market costs and add stable revenue from franchise fees
Creating a strong system between trade and finance.