A growing franchise system increases the franchisor’s name and brand recognition and may enable you to attract customers. But growth alone doesn’t ensure that franchisees will be successful. In fact, a franchisor that grows too quickly may not be able to support its franchisees with the services it promises them.
Are they sufficient to support you and all the other new outlets the franchisor plans to open?
In BDM we offer our own franchise experience as a franchisor & concept creating franchise concepts & models:
THE FRANCHISE BUSINESS MODEL
A franchise enables you, the investor or franchisee, to operate a business. You pay a franchise fee and you get a format or system developed
CONTRACTUAL OBLIGATIONS
Franchise contracts last only for the number of years stated in the contract. You can lose the right to your franchise if you don’t comply with the contract.
IS A FRANCHISE RIGHT FOR YOU?
BDM company that specializes in helping business owners grow their business through Franchise Development, Business Matching, and Branding
FINDING THE RIGHT OPPORTUNITY
There are many ways other than franchisors’ websites to find information about franchise opportunities, including visiting local franchised outlets,
SELECTING A FRANCHISE
Purchasing a franchise is like any other investment: it comes with risk. When you consider a particular franchise, think about demand for the products
CONSIDER
How long the franchisor has been in business? Name and brand recognition for the franchisor and its products or services? Whether the franchisor has a reputation for quality products or services?
