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9.1
Franchising
Benefits for the Franchisee
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izzy
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Cards (7)
Least risky way of starting a
business
Franchise
businesses usually have established
brand names
- increasing chances of
success
Financing
the
business
is likely to be easier as
banks
will be more willing to lend
The
franchisor
offers
support
and training
Lower
advertising
and
promotional
costs as national advertising will be done by the franchisor
The franchisee usually has
exclusive
rights to their area
Relationships with
suppliers
will have been established