How to open or buy a franchise

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Many people think that buying a ready-made business franchise is a very simple and fast start in entrepreneurship. That bought a finished company and the profit will flow with the river. Yes, you do not have to establish work processes from scratch. Unfortunately, this is far from the right.
In order for the franchise business to be successful, profitable and without pitfalls, you need to choose the right, be able to understand the nuances. Today we will discuss what a franchise is, what types of franchises there are, what business to open with minimal investments. And also, how to open a franchise store, if you already have a ready-made business. How and what kind of franchise to buy, if there is no experience in entrepreneurship at all.

    But, before we start, we recall that the material is prepared by the service for promoting the local business - Revvy, with which you can improve the rating on cards (Yandex, 2GIS, etc.), reviews and social networks, receive more reviews, make marketing mailings in WhatsApp, send automatic notifications and make before-sales.

What is a Franchise
A franchise is the right to work shopify website design  under the brand of someone else’s company. In other words, the company helps the entrepreneur to open a business and shares a ready-made base on which a ready-made and successful business has already been built.
The owner of a business who bought the franchise is called a franchise. And the one who owns the brand is a franchisor.
Franchises are in various fields of business - catering, hotel business, medicine, education, beauty industry, food, clothing.
Benefits of Franchise
For the franchising owner, opening new locations across different cities makes his business more recognizable. Customers become more, and with them the sales and profits are growing.
For the franchise that buys, too, there are advantages:



    business development under experienced guidance;
    Receiving loyal customers who are accustomed to the brand;
    use of discounts on equipment - large customers are provided with large discounts;
    fast payback - revenue will begin to arrive from the first days of opening;
    no need to spend money on business promotion;
    savings on advertising - franchise and so know, the owner of the franchise has experienced and reliable, time-tested marketers;
    minimal risks for business - rarely something can go wrong, usually the franchising seller has many years of experience in solving various problems;
    Training and information support – franchisees may not be a guru in the business, but the franchisee owner is interested in learning. And provides training materials and tools, conducts classes, trainings to improve the qualification of franchisees.

Types of Franchises
The most popular types:

    Sell a product of a particular brand. For example, in the shopping center there are shops under the brand TYOE, Austin.
    production of goods under a well-known trademark. For example, Coca Cola.
    provide services under the trademark of the franchise seller. These are car workshops, hotels, beauty salons.