Business and franchise advice - FAI
What is "Business Format" Franchising?
Business Format Franchising vs. Company-owned Expansion
In business format franchising, the franchisor prescribes for the franchisee a complete plan, or format, for managing and operating the establishment. The plan provides step-by-step procedures for major aspects of the business and, anticipating most management problems, provides a complete matrix for management decisions confronted by the franchisees. The major advantage of buying a business format franchise is that the “system,” the means for distributing goods and or services, has been developed, tested, and associated with the trademark. As a result, rapid expansion of a successful retail concept can occur more quickly than through company-owned expansion.*
Sales by business format franchisors continued to increase steadily throughout the 1990s and into the 21st century. In 2001, comparing business format franchising to product distribution franchising, business format franchising had about 4.3 times as many establishments, employed 4 times as many workers, generated 2.5 times the payroll, and produced nearly 3 times as much output.
The Franchise Association of India is the country's peak industry body and franchise advisory, committed to strengthening and promoting the best practices in franchising. Franchise Association of India members are businesses and service providers united by their common concerns for the wellbeing of the franchise marketplace.
10.06.2008
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Contact Franchising Association of India
54-A, Sir M Vasanji Road,
Chakala
Andheri(E), MUMBAI
400093
Tel: +91 98202 46669
Fax: +91- 22-6692 2434
