In franchising industry, many opportunities often exist and it is upon you to identify which area can best meet your interests. However, it is important to shed light on some of the important facts about franchising. For those who are hearing about the word for the first time, a franchise is an agreement between two parties that are legally independent to do business together. The agreement, often provided by a franchisor, empowers the second party or franchisee to market a product or a service using the franchisors trademark. This means of doing business is common in USA and other parts of the world. Some of the franchise opportunities known include the following:
Product distribution: It is by far the largest franchise opportunity, where the franchisor allows the franchisee to use its logo and trademark to market products or services. However, the franchisor does not provide the franchisee with all the system for running their business. In most cases, this type of arrangement is associated with soft drink companies, automobiles, or gasoline suppliers. It is often a relationship between the supplier and the dealer.
Business format franchise: A type of business-format franchise arrangement, fast food industry booms with franchise opportunities owing to its fast growth. If you are looking for a fast-developing area with customers everywhere, then target the fast food industry for franchise aspirations. In America, some of the popular fast food companies include Wendys, Mcdonalds and Hardees.All About Franchise Opportunities by Carlos Danger