What is a franchise?
A franchise, whether it’s a business in fast food, cafe, cleaning or home care, is a method that allows an existing individual to buy into an already established business operating system, including brand name and advice franchise network.
Buying a franchise such as a cafe for sale, you take on the responsibility of the premise, the product, and the profit. The franchise you are working with will take a percentage (usually of turnover) in exchange for support and information that will help you run your business. A franchise for sale is an opportunity to go into business for yourself, not by yourself. Franchisors will provide you with a method of operating the business that works, and in return, expect periodic payments and benefits.
Does franchising a business really work?
Franchising works and has been proven worldwide as an effective way to get started in buying a business. The advantages of a business franchise is that the groundwork is already laid out for you and you can expect to find increase in capital, speed of growth, motivated management, risk and safety management in a shorter amount of time than starting a business from scratch. Trading under the franchisor brand name, the marketing side is taken care of as they are actively increasing the awareness and value of the brand.
What are the types of franchises for sale?
With so many brands turning into franchise businesses and expanding nationwide it’s important to consider the best franchises to invest in New Zealand. With over 20 years of experience, Kakapo Business Sales has listed cafe franchises for sale, fitness or gym franchises for sale, retail franchises and fast food franchises to name a few. Find a franchise that is right for you and don’t be afraid to ask questions about how long you have been trading, what it is like working as a franchisee for this business, who are the target customers and how to find them. Our business brokers are also here to help you with getting the simple questions answered before jumping into the world of franchising.
What makes a good franchisee?
Getting into franchising is not necessarily for everyone. If you are independent minded and want to do certain things your way, then buying a franchise is not for you. A franchise is a business format that has worked time and time again, and if you stick to it you’ll make money fast. Straying away from their business policies and the parameters they have built can be a costly decision and no franchisor would continue to work with you. But, for those of us who are keen to run a business, and would appreciate some help along the way, buying a franchise could be the perfect choice. The best franchisees are those ready to learn and listen to advice from their franchisor.
