Midterm: Week 3-4

Cards (23)

  • 7 Types of Franchising
    Investment Franchise /Business Format Franchise
    Executive Franchise
    Retail Franchise
    Distribution Franchise
    Depot Franchise
    Job Franchise
    Product Distribution Franchise
  • Investment Franchise
    are operated by the fast-food and restaurant chains, as well as by some well-known hotels.
  • Investment Franchise
    • The franchisee has overall control of the business
    • Employs his or her own senior management and staff.
  • BUSINESS FORMAT FRANCHISE
    It includes not only the a product, service and trademark but also the complete method to conduct the business itself, such as the marketing plan and operations manual.
  • Examples of Business Format Franchise
    fast food
    service
    restaurants
    retail
    lodging
    automotive
    building & construction
  • Executive Franchise
    Usually business to business type franchises, executive franchises
    range from coaching and consultancy, to sales and recruitment
    franchise business opportunities.
  • Executive Franchise
    businesses will suit a 'white collar' professional, who has developed, and wishes to utilize, management and executive business skills to benefit from higher than average income, controllable work and life balance and intellectual challenge. Executive franchises are also suitable for people looking to work in executive, training, and business to business sectors.
  • Involves the provision of professional services
    Financial advice, legal services or recruitment assistance.
    Executive Franchise
  • The franchisee runs the outlet, employs staff and displays goods
    approved by the franchisor.
    Retail Franchise
  • Examples of Retail Franchise
    Puma
    Bata
    Levi's
    Mobile Store
  • A franchise that permits the franchisee to operate from a
    depot or central office that is usually owned by the franchisor.
    Distribution Franchise
  • The distribution industry is big business, but it doesn’t have to be a
    big initial capital spend. Many distribution franchisees start out
    with a scalable, low-maintenance business opportunity providing
    them with the room and support required to start a self-employed
    career at an affordable level.
    Distribution Franchise
  • Some business opportunities require to build up to a large
    warehouse operation, while other small one-man-van
    opportunities can be purchased for a fraction of the cost.
    Distribution Franchise
  • Distribution Franchise
    The common thread in every distribution opportunity is that the
    territory secure can prove to be most important asset. The size of
    the geographic area, the quality of the area’s road network and the
    volume and mix of residential and commercial customers will
    define business’s future.
  • Distribution Franchise
    Make sure you have discussed the territory’s opportunities and
    limitations in-depth with the franchisor before you make your
    purchase, and you could soon be on the way to running your own
    successful distribution business.
  • The franchisee is the operator and sole occupant of the depot. This
    type of franchise is generally available to courier companies and
    parts suppliers, for whom a depot is an essential part of the
    business.
    Depot Franchise
  • Usually a one-person business, operated by the franchisee from
    home. Operations, such as lawn care, car repairs or furniture
    refurbishing, are examples of job franchises.
    Job Franchise
  • Example of Job Franchise
    car services
  • is where the franchisee will be responsible for both running the franchise and employing and managing a team of operatives.
    Management Franchise
  • Example of Management Franchise
    Aptech Computer Education
  • PRODUCT DISTRIBUTION FRANCHISE
    Franchise that simply sells the products of the franchisor and have supplier-dealer relationships
  • PRODUCT DISTRIBUTION FRANCHISE
    The franchisor licenses its trademarks and logo to the franchisee but does not necessarily provide them with an ENTIRE system for running their business
  • Example of Product Distribution Franchise
    soft drink distributors
    automobile dealers
    gas stations