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Have you created a successful business in your home town? Are you ready to scale your business on a national level? Franchising your business might be the right option for you. Advantages of franchising your business: Grow your business franchising your business can be a cost-effective way to grow your business. You will not have to cover the cost of investing in new premises or staff. Additional sales lead to additional profit and if you retain this in the business, in the long-term, you should have a saleable asset for your future. Costs Each franchisee finances their own franchise outlet. While the franchisee meets all the costs and collects the income, you receive franchise fees and royalties or a mark-up on products sold by the franchisee. Easier Management The franchisees also run their businesses therefore reducing the management demands placed on you. The best franchisees will be highly motivated and have local expertise, making your life much easier. Develop Your brand The more franchisees you have the better known your brand becomes. Your brand benefits from the capital investment of the franchisee. Motivated Franchisees Franchisees are likely to be more motivated than a manager as they have a vested interest in the success of their business and therefore the success of your brand.
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