“Franchise” is the French word which literally means independence or privileges. Franchising is a strategy appointed by businesses to grow in the market. Franchising allows a number of independent units to share dependency and brand of a particular company in the market. This indicated that franchises are not exactly independent companies but are representing the original company independently. This allows the company to have a large part of the market in the form of these loans as well as direct company branches and offices, thus allowing the company to dominate the market.

franchising allows companies to access quickly and efficiently as finance, personnel and décor of the Company. This allows the company to be launched until one business and with less hassle way. Also, since the franchise was with the current brand, business had already been on a strong foundation with some customer base as quickly as it started. The Franchiser need to know that all the assets belonging to the company and only license belongs to the owner of the franchise.

All employees in the franchise operation would be trained in accordance with the company’s standards. This allows for greater efficiency in work and no chance for negligent work as happens in the case of small, individually-owned institutions. The franchise employees have great skill in accordance with the standards set by the company. All franchise units must provide a consistent level of customer service to keep up with company standards.

The company must consider certain aspects of the franchisee before opting for one. One important factor is the location where the franchisee is required to open the outlet. Also franchisee will be able to provide all the legal documents relating to the franchise. It was a good decision to evaluate this before deciding anything. Each company had a policy or procedure to infiltrate the territory. The franchisee must be aware of these rules before committing to the club. Proposed plan of the company will be for the entire tenure of the lease of the franchise. Plans of the company market, plans infiltration in that part of the city, and made a number of franchises in the field are some important points to be taken care of at the beginning of the contract.

requires the company to provide a basic training to all employees and also provide training materials to the franchisee for the future employee and regular training existing employees. All training-related programs will be ready to be shown to the franchisee.