Franchise For Sale Bundaberg

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Franchise For Sale Bundaberg – Franchise vs a Chain

Buying a franchise for sale in Bundaberg is one of the most practical ways to start a business. It helps you skip the hassle of starting everything from scratch and provides you with the opportunity to operate a ready-made business.
 On the other hand, if you want to buy a franchise, it is essential to know the difference between a franchise and a chain. There are many ways that a franchise and a chain can be similar, especially in terms of expansion. If you’re planning to buy a service franchise or a business franchise, learn more about the difference here.
    • Ownership 
      A franchise is owned by a franchisee, whereas a chain store is owned by the parent corporation. Both of them follow similar guidelines and corporate policies but the difference can be felt deeper when it comes to who will pay the taxes. When it comes to the chain system, it is the parent company that bears the taxes through its branch. Meanwhile, the franchisee bears its taxes as it generates its income. The parent company can grant multiple franchises and have different people operate their brand.
    • Financing
      In a chain system, the parent company utilizes its capital to expand its business and open different franchises in various locations. If a parent company wants to rapidly increase its branches without spending excessive capital, it can offer franchise privileges. It helps expand their brand and brings more opportunities for aspiring business owners to run a ready-made business. Conversely, aspiring entrepreneurs can take advantage of this chance to operate a business without going through the hassles of building everything from scratch.
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    • Cost of operation
      The franchise-owned store has lower overhead and fewer costs of operations than its chain counterpart. For example, the franchisee can act as the manager and take care of costly expenses like cleaning, merchandising, laundry, and more. Alternately, most chain stores have larger payrolls considering the number of branches that need management. Franchisees only need to take care of the franchise’s cost.
    • Profitability 
      Franchise businesses are usually in a profit-sharing scheme wherein franchise owners will share in the total profit, depending on what is agreed on in your franchise agreement. Some other franchises would only require franchisees to pay a flat fee and royalties, but don’t need to share profits. You must check the terms and conditions of your franchise since it is unique for everyone. As for franchise owners, their profits come from royalties that they get from franchisees for operating a business under their brand. On the other hand, franchisees can enjoy their profit from their stores.
  • Conclusion 
    Franchising is a heavily regulated industry. Having ample knowledge about franchising will give you the peace of mind and confidence needed to start your own business. Talking with a professional franchise expert can help you have more knowledge about what to expect, including information on industry norms, and additional insight into how franchises are structured. If you want a smooth journey to franchising, you can contact The Local Guys.
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