10 Interesting Fact About Franchise Business

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• Franchise is a business that allows someone to open a business that has been tested and proven successful with a brand that is already known in the market.
• The franchise concept first appeared in the United States in 1851 with the opening of the A&W Root Beer restaurant.
• McDonalds franchise is one of the most successful in the world, with more than 35,000 restaurants worldwide.
• Franchise is not only limited to food and drinks, but also includes various industries such as beauty, health, and education.
• Franchise also provides opportunities for small and medium business owners to develop and compete with large brands.
• The franchisee must pay the initial fee and monthly royalties to the brand owner.
• The franchisee must also follow the operational standards set by the brand owner to ensure the consistency and quality of products and services.
• Franchisee benefits from marketing, training and operational support from brand owners.
• Franchisee can also benefit from the strength of the brand that is already known in the market.
• Franchisee must have good management and leadership skills to run a business successfully and generate profits.