Starting a business from scratch can sometimes be overwhelming for first-time entrepreneurs. That's why investing in an already successful franchise may be a good solution for your new business venture.

What is franchising?

Franchising is a way of distributing products and services. The original business owner (the franchisor) grants a licence for the use of the trademark or trade name for a fee. The person who buys the franchise (the franchisee) is allowed to use the franchisor's business name and operating system to set up the business. As a franchisee, you pay the franchisor a certain amount (royalties) from your franchise's profits. Normally, the franchisor would draft a franchise agreement with you that includes details about how the franchise will be run.

What are the advantages of owning a franchise?

What are the disadvantages of owning a franchise?

What franchise is right for you?

There are several online tools available to help you find the right franchising opportunity. You can search for franchises by brand name, investment level, industry, available locations, and more. Find out what franchise opportunities are right for you.


Share this:


Government Activities and Initiatives