Starting a new business always takes 3-4 years in break even and requires huge capital. Franchising provides an excellent opportunity for rapid expansion without an enormous outlay of capital.
By becoming a franchisee, an individual or an entity is legally allowed to sell services that are offered by the franchisor. It’s always a wise and fruitful decision to become a franchise and gain from experience of a company and successful business model. Reasons to take a franchise –
- Lower Cost & Faster Expansion
- Track record of Success
- Strong Brand Image
- Training Programs
- Ongoing Operational Support