Different Types of Franchise Models

FOCO

In FOCO the franchiser gains more profit than the investor. Basically, every business model should be above the rate of investment forecast or above it. For franchiser, who is investing Brand name in models other than FOCO is always on a stake as a franchise can practice unethical and unprincipled act. The Standard operating procedure and values which any company wants to retain can be ignored by the franchise for minimal profit. It is a risk-free model. We at selectdine.com choose the best model which would the investor and the franchiser is looking for.

FOFO

This model is adopted by companies for faster expansion of business/brand presence and to penetrate completely new markets with the help of local businessmen. In this model the training of staff, initial store setup is done by the Company and handed over to the Franchise to oversee the operations and maintain standards-based on SOPs set by the Company. Then on the operations are independently managed by the franchisee. The Franchisee pays a licensing fee as per the agreed terms to the Company. Surprise and scheduled SOP audits are done by the Company to ensure high standards are maintained. When Franchise fails repeatedly in audits, the Company either levies fines or pulls out from the contract eventually closing the franchise.

COCO

The Company Owned Company Organised franchise businesses are better run. These are primarily run by the franchisor itself and a franchise partner only puts in a stake in the property. The best part is that the franchise gets a guaranteed return and does not have to engage in its daily running. The only thing required is an investment. CoCo actually offers franchisees the unique opportunity to profit from an established and well-loved brand

Comments

Own Chai Sutta Bar in 15 lakhs

Chai Sutta Bar is a premium brand which is currently franchising in India. Chai Sutta Bar headquartered in Indore was established in 2016 and since then operates twenty-six outlets across India.Chai Sutta Bar has various types of outlets that you can open if you choose to invest, which includes both sit-down and quick service models. The brand additionally offers operating manuals, expert guidance from head office, billing systems, and on-field assistance for the franchisee. Offering a high profit margin at a low investment cost along with excellent support, you can own a Chai Sutta Bar in 15 lakhs, should you choose to invest. To know more about this brand’s investment details, visit our website to know more .

10 Fun Facts About Cleaning Franchises

Cleaning services are a dynamic, in-demand service that has grown consistently in the US. It includes commercial and residential cleaning along with specialty services like bio-hazardous materials removal, mobile car detailers, and dry cleaners. Be ready to sell. While many people use cleaning services, client turnover can be high (as high as 55% each year). Since a well-done job gets few kudos, a company is only as good as its last job. Which means the sales job never ends, and good quality counts. Consistently good service combined with diligent sales will contribute to revenue growth. Commercial office cleaning is the largest segment of the cleaning industry, employing 40% of all janitors and cleaners. And because residential cleaning services are more negatively impacted by an economic downturn, the jobs and companies that are focused on commercial work are more stable. People may choose to clean their own homes in tough financial times, but commercial spaces will nearly a

Restaurant Management Software For Your Business

Restaurant owners most of the time, have to contend with the daily grinds of running their businesses. Managing a restaurant is undoubtedly one of the most daunting tasks that an entrepreneur can undertake. Restaurant management involves lot processes that if done right, would ensure the smooth flow of the enterprise and even increased profits. However, doing all the hard work does not cut it when it comes to restaurant management. Many restaurants end up earning pretty much the same despite best efforts on the part of restaurateurs and managers. This is especially true for small restaurants. Many mom-and-pop operations still contend with the hassles of keeping up with the daily requirements of food service such as menu planning, order taking and inventory update. Fortunately, many technologies are being developed to aid restaurant owners in their everyday undertakings. These technologies take the form of devices and solutions designed to make restaurant owners’ lives a li

SelectDine Blog

Search This Blog