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Advantages and disadvantages to franchisees
There are advantages and disadvantages to owning a franchise. We can offer you a free consultation which may help you decide whether it is right for you.
Advantages to franchisees
- Lower failure rate than conventional business start up as you are buying something with a proven track record of profit generation.
- Higher brand awareness in the marketplace than a start up.
- Access to ongoing support and training to help you succeed and cope with difficult trading conditions.
- Favourable finance deals are often available to franchisees.
Disadvantages for franchisees
- Adhering to the franchisor’s rules and systems can be frustrating.
- Often tied to specific suppliers and product ranges meaning there is limited opportunity to develop.
- The brand can be adversely affected by mismanagement of the franchisor.
- Potentially expensive exit options with some franchisors requiring substantial fees should you sell.
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