The Franchise
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Transcript of The Franchise
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THE FRANCHISEBy: Austin Schmale
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HOW A FRANCHISE WORKS
Depending upon the type of a franchise, a franchise business is different than any other type of business due to rules and
regulations set by the franchiser.
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WHAT IS A FRANCHISER?
A franchiser is the person who owns a franchise and is the boss
of that franchise.
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THE HISTORY OF FRANCHISING!!!
•The roots of franchising can be traced to the end of the Civil war
•Franchising really started to grow at the beginning of the 1900’s
• Modern franchising evolved during the 1950’s while expanding for the World War 2
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MORE HISTORY ABOUT FRANCHISING
•During the 1980’s franchising began a period of exponential growth
• In 1980 approximately 1600 businesses franchised
• By 200the number had more than tripled
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ADVANTAGES OF BUYING A FRANCHISE
When you buy a franchise, you are buying an established concept
that has been successful.
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MORE ADVANTAGESYou’ll get a lot of help when you start a
business and also afterwards. When you buy a franchise, you get all the
equipment, supplies, and instruction or training needed to start the business.
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EVEN MORE ADVANTAGES!
A franchise Business can be immensely profitable. It might already have built in customers. And it could
even have greater buying power!
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THE DISADVANTAGES
You have to do a franchise in the franchisers way. You can’t do it
any other way. It has to be done to the T.
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MORE DISADVANTAGES
Some Franchises are little known and will not be very successful.
However buying little known Franchises could be too expensive.
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EVEN MORE DISADVANTAGES
Some franchisers will not help you start a new franchise and will
leave you hanging off the end of a cliff.
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THE NEW INTERESTING FRANCHISE!
Bricks 4 Kidz is a new company that allows children to play, build,
and learn with Lego Bricks.
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ANOTHER INTERESTING FRANCHISE!
Kona Ice brings their trucks to events to sell shaved ice to
customers so they can flavor it themselves!
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YET ANOTHER INTERESTING FRANCHISE!
Smashburger franchising is a 20 year old restaurant industry that gives hamburgers to restaurant's like
McDonald's and Long John Silvers
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THE END AND MY SOURCES
•http://www.entrepreneur.com/franchises/topnew/index.html•http://sbinfocanada.about.com/od/franchiseinfo/a/buyfranchise.http•http://franchises.about.com/od/franchisebasics/a/history.htm