Choosing a franchising will be definitely a profitable and great investment. As it will leave you providing hundreds of benefits. The foremost advantage is that you will have the prebuild brand imaging. As creating customer loyalty and brand imaging is the major hinderance you come across throughout your business success process, and you require years and effort to build that. Read the article giving full coverage about franchising and the renowned company that has been franchised throughout the world. Without taking your time, have a look at the detail you must know about franchising.
What is term franchising:
The word franchising meaning “Free”. A franchising is the type of business where a company offers right to use its brand name and model for a particular time period. Though the franchising got the maximum likes throughout the world, and people love pursuing it due to many benefits it offers to both the parties. There are many brands that have their chain of hundreds of franchises and earning millions out of it.
The largest or widest franchising chains
Subway: Subway is having a total 41,916 franchises that got the fame due to its specialty that is salad and sandwiches, the start-up cost for it is 84500$.
Mcdonalds: It is currently covering the 36,368 locations, with the start-up cost of $995,900, the brand has expertise in making delicious junk foods, with additional food of ice cream, juices, and other sweet items
7-eleven: These are convenience stores requiring a start-up cost as 40500$ and having total locations according to 2015 is 56,439.
Hampton inns: They deal with the mid-price hotel, having the variable cost to start up the operation. It usually varies from $3,716,000-$15,148,800
Great clips: The brand has worldwide franchises of 3,694. It is commonly known for beauty salons and will ask you for the start-up cost of $109,000 – $203,000.