What Are the Advantages of Franchising? Explain

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The Answer is Perhaps the single greatest advantage of a franchise is that it comes with a complete business system.Many franchises are actually "turnkey," where the franchiser oversees (or even manages)the selection of location,the construction of facilities,the acquisition and installation of necessary equipment,and the initial inventory with which to open business.Many franchises come complete with computer software for budgeting inventory control,ordering,point-of-sale computerized cash register,and complete accounting application.The question arises as to what the franchisee should do.First,the franchisee must,in one manner or another,pay for all these services.Second,the franchisee will be required to complete training to become intimate with the details of the franchise business system.Third,the franchisee will be required to take an active part in opening and operating the franchise business.

What Are the Advantages of Franchising? Explain

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