New to franchising? Here are some interesting facts you may not have known.

When people think of franchises they often think of large fast food or restaurant chains, hotel chains, and convenience stores such as McDonald’s, Kentucky Fried Chicken, Applebee’s, Wyndham Hotels, and Carrefour. What most people do not realize is that Franchising has been around since the 1850’s and there are thousands of franchise companies in 120 different business categories worldwide ranging from accounting services to health care to shipping companies and more.

franchise words

Franchising is a way for someone who may not have an idea of his own or a large amount of business experience to get into an already established business for himself by selling someone else’s products using their proven business format. It also provides a business with a method of expansion without a huge outlay of capital.

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O’Brien, Paul. Things You Should Know About Franchising. Business2community.com. Retrieved on June 3, 2014, http://www.business2community.com/strategy/things-know-franchising-0857108?tru=T7gbZ#YIIdfh4wPI6y7UWu.99.

Article Writen by: Divorce Without War June 3rd, 2014

Posted In: Franchise

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