Franchisors incur a slew of costs related to the initial franchise fee supporting their franchisee before the business opens for operation. The costs franchisors incur in providing advice and services necessary for the franchisee to begin operations can be broadly characterized into 3 buckets – franchisee prospect acquisition costs, training costs, and pre-opening support costs. […]
Impact on Franchising The rapid spread of COVID-19 is reminding us how interconnected we all are. With the pandemic changing everything we do in our personal and business lives, franchisors are faced with the same challenges as other businesses. However, franchisors remain optimistic and expect system sales to return to pre-pandemic levels in about six […]
We’re still in the first quarter of 2020 and the world has seen a dramatic series of events unfolding every week. The most impactful being the COVID-19 outbreak, which started in China in the last days of 2019 and has rapidly spread across the world, disrupting people’s life and economic activities. COVID-19 is causing hysteria […]
Another year has come to an end. 2019 has been a year of several ups and downs. We have seen numerous new concepts opt for the franchise business model and a few others lose traction. There were regulatory hurdles and there were operational hurdles that franchisors had to deal with in 2019. So, what’s hot […]
Franchising is an adaptive business model. Find an appealing economic sector where branding can be a growth factor and you’ll likely see franchising move in. I’m going to put a bunch of trends together here and see if anything can be connected to the future of franchising. To do that we need to look at […]