Image source: http://www.topinternationalfranchises.com/franImages/13644059431.jpg
Companies across different industries have entrenched domestic markets and have set foot on international soil by adopting the franchising route. The model works well for industries dealing in goods as well as services.
Taking a services business bestows numerous benefits on the franchisee as stated below:
Structured business model
A well established, proven business model is in place for the franchisee. The established business clearly indicates the type of suppliers, distributors, business partners, and customers. The ground work has already been done by the franchisor, the benefit of which can be reaped by the franchisee.
Revenue Stream
The break even and profitability level of a franchisee is reasonably certain as the cash inflows start from day zero. The franchisee can choose to increase the level of investment and commitment to increase the quantum of cash inflows or increase the overall scale of business.
No Prior Experience
One doesnt need to know any kind of rocket science to take up a franchisee. Typically, the initial training support and technical know-how is provided by the franchisor. So even if you do not have any prior experience, you still are good to go.
Reputation and Image
The franchisor has already put in innumerable dollars and uncountable man hours into building a reliable brand. The franchisee can cash in on this reputation and image. A running business with existing clients is a dream-come-true for any entrepreneur.
Easier to Raise Finances
Draw up a business plan and chances are that you will have to run from pillar to post to arrange for finances. The whims and fancies of the lender will come into play. Take a franchisee and the lenders will be more than happy to finance your business. In nutshell, not only is it easy to run the established business, it is also easy to raise finances for an established business. Thus, finances; the trickiest aspect of any business, is taken care of.
Exclusive Geographical Coverage
Typically, the franchising contract grants exclusive rights to the franchisee to operate in a particular geographical area. The franchisee can thus use the brand name and attract all potential customers in that area. The exclusivity clause limits competition to quite an extent since other operators of the same franchisor do not compete with each other.
Bull18 Movers is an established name in the movers and packers business. The company has earned the respect of numerous clients by providing impeccable services in New Zealand. In order to fuel its expansion plans, Bull18 Movers is offering lucrative Franchise Business Opportunities in New Zealand. In case you are interested in taking up an established services business that is driven by the urge to delight customers, Bull18 Movers movers and packers franchise is the best bet.
