Purchasing a franchise without due diligence

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Franchising market experts claim that up to half of the franchises offered in Russia are fake. This means that companies provide partners with incorrect information about expenses and the market situation.

Sometimes misinformation is associated with offers of "help" from the owner. Several years ago, representatives of the company Mail Boxes Etc., specializing in the delivery of documents japan mobile phone numbers database and small parcels, providing printing services, faced this problem. When purchasing a franchise, the organization was obliged to provide the necessary materials for opening an office under special conditions. It turned out that the supposedly good price was higher than the market price, and the head office did not provide any assistance in promoting and organizing sales.

For beginners, a franchise business is a fast and effective way to launch a commercial project on a long-term basis. Its implementation requires work according to a proven scheme with continuous support from a reliable partner. A distinctive feature of franchising is the ability to choose an industry for business. Today, there are about 70 industries in which one of the models for creating your own business is implemented.

A franchise is a form of mutually beneficial cooperation. For some, it provides ample opportunities to expand sales markets, increase sales volumes and profits, and strengthen business reputation. For franchisees, it provides an opportunity to buy a ready-made business under a franchise and reduce risks.