Start Your Franchise Today
Before starting any business venture, it’s important you are well informed. At BELFOR Franchise Group, we’ve made it easier by compiling a list of commonly asked franchising questions. Check out the answers below.
What is franchising?
Franchising is a method of providing services or products to the wider audience and usually consists of two parties – the franchisor and the franchisee. The franchisor lends their trademark/brand and business to the franchisee, who in turn provides the product or service to the public.
What is “business format” franchising?
Business format franchising is the method where the franchisor provides a step-by-step guide to how the franchisee can run the establishment. This often takes out the guesswork of trying to find a method that works. At BELFOR Franchise Group, we have turnkey models proven effective.
How does a franchise chain start?
If an existing business is successful in its venture, the owner may want to expand their company. They’ll do this by opening locations in other areas and hiring employees to manage the company. Thus, a franchising chain is created.
How widespread is franchising?
Franchising is one of the fastest growing mode of business, with franchises existing for companies across all industries. Research shows that the franchises expected to grow most include personal services, business services, retail products, and quick service restaurants.
What Should I Consider Before Buying a Franchise?
Buying a franchise is a large commitment. Before taking this step, something things you should consider include:
- Which franchise would you like to open?
- What do you need to operate the franchise?
- How much will it take to invest in the company?
- How much will daily operations cost to run the business?
- Know the terms and conditions of the franchise.
What kind of investment is necessary to buy a franchise?
Each franchise differs in terms of investments. Check out our investments section to learn more about how much you will need to invest in a DUCTZ, HOODZ, or 1-800 WATER DAMAGE franchise.
If I want to start a franchise, what step should I take?
If you’re interested in starting a franchise with BELFOR Franchise Group, start by filling out our application. We’ll provide you with what steps you need to take to start one of our businesses.
Have more questions? Call (844) 311-7846 for more information about our commercial and residential franchise opportunities.