Here is a selection of our most popular featured franchises from a selection of business categories across the range.
In a nutshell, all franchises are an opportunity to go into business for yourself but not all business opportunities are true franchises.
So what’s the difference? A business opportunity is simply that – the owner of a business offers the opportunity for individuals or companies to join with them operating in a similar field and looking for similar clients and offering the same products or services but not necessarily operating under the same name or brand. The business opportunity provider normally provides limited training and support and often is looking for people with experience in the field. Generally speaking, the arrangement will be open ended with no timed agreement in place between the parties. There is also with a simple business opportunity unlikely to be an exclusive territory in place and you may find yourself competing with your own associates.
However, a Franchise or more specifically a business format franchise will not only be seeking individuals with no experience in the field but will also provide initial comprehensive training and full support and back up throughout the period of the franchise agreement. You will also be trading under the brand name of the franchisor who will work actively to increase the awareness and value of the brand and thus your franchise in the locality where you are operating. You will usually be given an exclusive geographical area in which to operate and this will be defined in your franchise agreement which will normally run for 5 or 10 years with a renewal option after this period.
Most of the Franchises listed on Franchise Local are true business format franchises. However, a small number fall into the simple business opportunity category. We, therefore, recommend that during your due diligence into your chosen franchise opportunity you should take great care to ascertain how much training and ongoing support is provided by the franchisor.
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