Buying Franchises

Provided by Francorp Middle East, Strategic Partner of the SME Knowledge UAE    Buying a franchise is one of the best ways to set up a successful business. You do not need to do the analysis for the success of an idea; rather you have a readymade business proposal. All you need is to invest and start running it according to the guidelines provided by the franchisor. Doing a franchise business is though the simple and lucrative business opportunity, it involves careful approach to...

What is Franchising?

Provided by Francorp Middle East, Strategic Partner of the SME Knowledge UAE Franchising is a form of business by which the owner (franchisor) of a product, service or method expands the distribution to a wider market through affiliated dealers often called franchisees. Thus, franchising is a continuing relationship between the franchisor and the franchisee in which a franchisor provides a licensed privilege to the franchisee to do business. The franchisor receives upfront fees from the...

When Does a Business Franchise?

Provided by Francorp Middle East, Strategic Partner of the SME Knowledge UAE    Franchising is the best way of rapid expansion when a business realizes that its products or services and brand have created value that other investors want to replicate its proven concept. Some businesses may opt for franchising years after the inception, but the businesses with more clear expansion goals, consider it right from the beginning.   Franchising; the Best Way to Raise Expansion Capital...

Franchising in the UAE

Provided by Francorp Middle East, Strategic Partner of the SME Knowledge UAE    Franchising has picked up pace in the UAE with lot of local and international brands trying to expand faster in the country. Franchising has rich business environment in the UAE, i.e. high per capita income, business people with huge liquid money, healthy consumer spending index and a huge number of customers’ inflow from around the worlds. Dubai being the hub of international interest has more...

Franchising Your Business

Provided by Francorp Middle East, Strategic Partner of the SME Knowledge UAE    Do you have a product or service that creates values and you feel it is the time to grow? Franchising can definitely help you expand your business by having more and more number of locations within UAE and outside UAE without investing all of the necessary capital yourself. As franchising opens many doors of opportunity, and is the best way to raise capital faster, it’s being one of the top expansion...

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Franchising Basics

When you're considering starting your own business, you have a choice of either starting from scratch, buying an existing business, or looking at a business opportunity like a franchise. Owning and operating a franchise can be as much work as other options, and it can also be quite profitable. There are thousands of franchised businesses, covering nearly every conceivable industry, from well-known national brands to smaller, local opportunities. The challenge is to decide on one that both...

Guide to Buying a Franchise

Provided by Francorp Middle East, Strategic Partner of the SME Knowledge UAE    Buying a franchise means you can operate a readymade business concept. You pay a franchise fee and you get a format or system developed by the company (franchisor), the right to use the franchisor’s name for a limited time, and assistance. Franchisor may provide you with help in finding a location for your outlet; initial training and an operating manual; and advice on management, marketing, etc and...

Franchise Agreement Checklist

This checklist will help you think about the information you should obtain before entering into a franchise agreement. Find out as much information as you can about the franchise. Read all documents and agreements carefully, and do not sign anything without understanding it first. You may adapt the tool to reflect your business needs, type of clientele, products and services you offer. Seek independent advice from a lawyer, accountant or business adviser who has experience in franchising....

Franchisability Quiz

http://www.francorpme.com/franchisability-quiz/

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