"Franchising 5": reviews of those who bought the franchise. franchise business

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Franchise business is popular. An entrepreneur does not need to develop a brand and build a reputation from scratch. In fact, he enjoys the benefits already created. Not free, of course. That is why not only buying but also selling a franchise is popular in the market. It should be noted that not every business owner can profitably present his proposal. For this purpose, you can contact the company "Franchising 5", reviews of which will be presented below.

How it works

Suppose you have a business that is in demand by consumers and brings a stable profit. You want to increase income, but it is too expensive to open branches of the enterprise in other regions. The way out is franchising.

It is enough to bring your own franchise to the market, doing it yourself or with the help of professional specialists. Those who want to develop a business under your brand will pay a lump-sum fee, as well as deduct monthlyroy alty. And this is an additional stream of income! Agree, a very tempting prospect.

It remains only to form your own offer and find potential buyers. And it is at this stage that the greatest difficulties arise. For most businessmen, packaging a franchise that reveals all the advantages and benefits of a potential collaboration becomes a daunting task. Its solution requires some experience, but most importantly - time. And this is a luxury for an acting businessman. The Franchising 5 company offers turnkey packaging services for franchises. This allows owners to scale their own business and increase revenue in this way.

About company

The company "Franchising 5" was founded in 2011 and sets itself a global task: to create a universal system that allows absolutely everyone to become the owner of their own business. After a while, the Franchising 5 company, reviews of which will be considered, began selling its own franchise.

To date, the total number of products sold is more than two thousand. The head office of "Franchising5" (Russian Federation, Kazan) is located. However, 80 representative offices have already been opened in other regions of Russia.

Founder

The company has grown into a fairly large-scale business in a few years. The founder of the Franchising 5 company is Artem Zakharov. He also holds the position of CEO, positions himself as an expert in franchisingand some related business areas.

In an official statement on the website, Artem Zakharov states: "A potential client does not need special knowledge, everything will be done by the specialists of his company."

What they offer

The company specializes in the development of turnkey franchises. This activity includes the following operations:

• Packaging. A business plan is being developed, presentations are being made for potential buyers, packages of documents and some other aspects are being developed.
• Promotion. According to the company's website, employees know modern methods of promoting products, which makes franchises in demand. Sales are carried out by a team of specialists with specialized knowledge.
• Escort. Scaling a business through franchising doesn't end when the product is packaged. We need to develop a network of partners. The company promises support at this stage.
• Control. To maintain quality, the company checks how the franchisees fulfill the requirements of the owners.
• Improve efficiency. In the process of describing the products of business activities, as a rule, it is possible to eliminate their shortcomings. This increases the overall efficiency of the business.

Packaging Features

You need to understand that developing your own business and transferring experience to others are completely different activities. Therefore, it is important to highlight the features of your own proposal, indicating the currentfor potential buyers information:

• How your business differs from competitors, in which regions it is in demand, what development prospects it has, etc.
• Costs and potential profits.
• Possible difficulties. Do not mislead potential customers by saying that there are no problems in business. Any business involves some complexity.

You need to understand that all information should be concise so that the client does not spend a lot of time studying it. The offer must be attractive but truthful.

Franchise packaging is a special art that is not available to everyone. That is why entrepreneurs prefer to turn to professionals such as Franchise 5. Reviews confirm this. The company has been providing this service for many years, accumulating impressive statistics. According to official information, several hundred proposals have been packed for the period of the company's activity. The whole truth about "Franchising 5" is further in the review.

How the franchise is packaged

It all starts with a client's request, which they offer to leave on the site or report by phone. Then analysts get involved and decide whether to develop a franchise for your business or return to this issue a little later.

If the experts made a positive decision, a set of tools is determined to complete the task. After that followsdirectly packaging the franchise and turning it into a ready-made offer to buyers interested in this product.

After the completion of all these works, the specialists start selling. Further support is aimed at not only creating a whole network of branches, but also helping to manage it.

Reviews

Those who bought a franchise in "Franchising 5", according to information from the official website, there are several hundred. Some of them share their own opinion on the results of cooperation. There are entrepreneurs whom the company helped to develop their business. To a greater extent, the reviews about "Franchising 5" are positive and talk about the growth in income from franchise sales.

Employee reviews

The opinion of the company of those who work there or once worked indicate the pros and cons. The advantages of working in this company are the convenient location of the office (practically in the center of Kazan), the opportunity to communicate with talented and highly educated businessmen, and high salaries. Cons: high responsibility and requirements imposed by the employer - these criteria are mentioned by those who call Franchising 5 a divorce, not wanting to make an effort.

Franchise Business: Benefits

This strategy allows even inexperienced entrepreneurs to start their own business. After all, a reliable franchisee not only collects a lump-sum fee and roy alties, but also accompanies on all issuesbusiness activities. Other benefits:

• Reliability. This means you don't have to start a business from scratch. In fact, you get a completely ready and tested procedure in practice. You do not need to make an assortment, choose suppliers, develop a business plan, etc.
• Free advertising. The franchise owner is interested in promoting his own brand. To this end, he uses various methods. This allows a novice entrepreneur, after acquiring a franchise, not to spend money on advertising alone, but to act together with the franchisee.
• Success. If you believe the statistics, then a franchised business brings profit in the future in half of the cases. Those who failed to generate income either deviated from the plan provided by the owner or misanalyzed the market.

Difficulties

As it has already become clear, a franchise business does not guarantee success. Despite the presence of a business plan, a well-known brand and other advantages, not all franchise buyers manage to stay in the market with their purchase.

One of the biggest challenges is the high barrier to entry. You need to pay a lump-sum fee and have funds to start a business. In some cases, we are talking about millions of rubles. Not for every novice franchisor, this amount will be available. It is also important to note that the ease of doing business can turn into more than just an advantage. Reviews of those who bought a franchise from Franchising 5 confirm this. Yes, you are provided with ready-made development plans, give advice, consult andetc. However, you will have to act according to the rules that the franchisor has established, not being able to change them.

In order to bring any innovation, you will have to get approval from the brand owner. Initially, you need to prepare for the fact that you will have to fulfill a lot of requirements regarding the selection of personnel, the choice of a building, the preparation of a menu (if we are talking about catering), and so on. It cannot be unequivocally said that restrictions on the part of the brand owner are bad, because each action is backed up by practice and experience. However, the entrepreneur himself does not gain experience, trying different options, he receives ready-made instructions for use.

Which area to choose

The market offers a considerable number of options. Therefore, you can find offers with a starting capital of several hundred thousand rubles, or you can take a swing at global brands with millions of turnovers. In short, the most difficult area is production, the easiest is retail, which is the reason for its high popularity among start-up entrepreneurs. The company "Franchising 5" finds options for representatives of different business areas:

• Retail.
• Food service.
• Production.

Retail

As mentioned earlier, this is the most attractive industry for potential franchisors. Represents the purchase of wholesale lots of goods with their subsequent sale at retail. It is believed that the opening of stores under the well-knownbrands can turn into a profitable business.

Food service

This is a relatively simple and quite popular option. Potential entrepreneurs can open separate establishments or rent a space at the food court. Starting such a franchise business can greatly simplify the interaction with suppliers and staff training.

Production

This activity is considered profitable, but more difficult when compared with the previous options. The creation of production takes place under the strict guidance of the franchise owner. It also provides proven technologies for the production of certain products, as well as markets.

Conclusion

The question of whether to sell or buy a franchise is entirely up to the decision maker. For example, by purchasing a ready-made business, an aspiring entrepreneur can gain experience under the guidance of mentors-practitioners. When it comes to cooperation with large brands, you need to be prepared for high costs. The offer from "Franchising 5" is relevant both for beginners who are just thinking about their business, and for experienced entrepreneurs who are thinking about developing their business and attracting partners.