BUY A FRANCHISE
ADVANTAGES
A franchise allows you to start and run your own business with a very high probability of success (Franchise businesses are successful in 95% of cases). By purchasing a franchise, you gain many advantages, including:
- A proven and successful business model
- Established and recognizable brand/trademark
- Lower risks when starting and running a business
- Systematized business with developed standards, guidelines, procedures, etc.
- Training system for starting and managing a business
- Support system for starting and managing a business
- Professional and proven </ span>marketing/advertising campaigns
- Exchange of experience with other franchisees
- More favorable supplier prices for goods and/or services
BEFORE PURCHASING A FRANCHISE
Do a little homework:
- Assess your personality and skills
- Management skills
- Technical knowledge
- Ability and willingness to take risks
- Ability to follow instructions and rules
- Assess your financial situation
- Personal finances
- Additional financing options
- Assess your desires and opportunities
- Target market
- Industry
- Full-time or part-time
- Single-unit or multi-unit franchise
- Investment amount
- Return on investment
- Gather information about franchises in your industry of interest
- On the Internet
- In franchise catalogs
- At franchise exhibitions
- In franchise articles
After completing your homework, it is advisable to contact industry professionals and seek assistance with the following issues:
- Market research (competitors, market trends, etc.)
- Negotiations with franchisors
- Legal advice (on franchise agreements, trademark registration, company registration, etc.)
- Finding a suitable retail location
- Assembling a suitable team
- Assistance with other practical matters (website creation, social media page creation, advertising launch, etc.)
How to purchase a franchise?
We can help you at any stage to choose, purchase, and start working in a franchise network. Engaging our team of professionals will save you significant time and money.
Find out more about franchise opportunities and how we can help you by calling +371 29 176 156 or by writing to info@franchising.lv
To view current franchise offers, go to the franchise catalog.