Franchisor Advantages (Part A)

Starting your own business can very demanding. It takes hard work, problem solving, and a lot of responsibility to make a brand new business successful. You will need a business plan, a sales strategy, marketing devices, and ways to distribute your products or services. But owning your own business doesn't always mean that you have to start something brand new. In fact, if you want to have your own successful business, there are advantages to starting a franchise.

What is a franchise?

A franchise is a business right that allows you to market, sell, and distribute an existing company's good or services. This right is usually limited to a particular territory or location. Generally a franchisee, who is the purchaser of the business right, must follow the rules and guidelines set forth by the original franchisor. These rules often include the use of certain products and intellectually property, as well as the payment of royalty fees.

Some of the most successful franchises in the United States include McDonald's, Subway, Dunkin Donuts, and the UPS store.

What are the advantages to starting a franchise?

Franchised businesses operate more than 750,000 establishments in the United States alone, and generate more than $1 trillion annually. Needless to say, starting a franchise is an excellent step toward owning a successful business. Some advantages to starting a franchise include:

  • The lower financial risk of investing in a proven business model
  • Smaller start up costs
  • No need to develop a business plan and model
  • Less uncertainty than with a start-up business


To know more about the advantages to starting a franchise, or to get your business underway, you can get the professional help of a New York business lawyer.

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