FREQUENTLY ASKED QUESTIONS
What is a franchise?
A franchise is a business model in which a franchisor grants the rights to an individual or group (franchisee) to operate a business using its established brand, systems, and support.
How does a franchise work?
Franchises work by allowing the franchisee to use the franchisor’s brand, trademarks, and business systems in exchange for an initial Investment. The franchisee operates the business according to the franchisor’s guidelines and receives support and training from the franchisor.
What are the advantages of a franchise?
Advantages of a franchise includes having a recognized brand, established systems, ongoing support and training, proven business model, access to marketing resources, and higher likelihood of success compared to starting a business from scratch.