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Which business can be franchised

Theoretically, any type of business can be franchised. This doesn�t necessarily imply that any business could turn into a successful franchise. A flourishing franchise is generally built around certain concepts, business systems and innovative brands. They are supposed to bring in innovative approaches to an already existing concept and the food industry is the best example.

Main categories  of  franchised  businesses:

Auto/Truck/Vehicle

 

     Auto/Truck/Vehicle
     Appearance, Vehicle
     Gas/Diesel/Fuel
     Motorcycles
     Maintenance
     Repair, Vehicle
     Rentals/Leasing/Sales
     Parts
     Tools
     Accessories

 Beauty/Hair/Appearance

 

     Beauty/Hair/Appearance
     Beauty Salons/General
     Cosmetics
     Hair Care
     Laser Hair Removal
     Tanning Centers
     MedSpas
     Spas
     Nail Salons

 Services

 

     Services
     Personnel
     Accounting/Back Office
     Advertising/Marketing
     Business Brokers
     Direct-Mail Advertising
     Financial Services/Loans
     Equipment Leasing
     Dry Cleaning
     Printing
     Signs
     Copying/Office Services
     Mailing/Shipping
     Pest Control
     Security & Alarm
     Water Purification/Softening
     Machines, ATM/Vending
     Inventory Management
     Supplies
     Photography/Video
     Publishing
     Computer/Internet/Technical
     Clothing
     Tax
     Insurance
     Moving
     Storage
     Other Services
     Business Services
     Modeling/Talent Agencies

 Children & Education

 

     Children & Education
     Arts & Crafts
     Clothing
     Day Care/Child Care
     Instruction
     Fitness
     Furniture
     Party
     Services
     Toys
     Children's Recreation

 Cleaning & Maintenance

 

     Cleaning & Maintenance
     Handyman Services
     Restroom Sanitation
     Carpet/Upholstery Cleaning
     Heating/Cooling/Ventilation
     Commercial Cleaning
     Home Inspection
     Lawncare/Landscaping
     Plumbing/Electrical
     Restoration Products/Services
     Window Cleaning
     Residential Cleaning
     Other Cleaning Services

 Computer/Internet/Web

 

     Computer/Internet/Web
     Computer Service
     Computer Sales
     Internet
     Software
     Web Design
     Web Site Hosting
     Technical Services

 Consultants

 

     Consultants
     Business
     Debt Management
     Events/Wedding

 Food & Drink

 

     Food & Drink
     Baked Goods
     Restaurants
     Ice Cream/Soft Serve/Frozen Treats
     Fast Food
     Sports Bars
     Beverages
     Choose & Cook

 Health and Fitness

 

     Health and Fitness
     Gyms/Fitness
     Ladies Fitness
     Low Carb Franchises
     Martial Arts
     Medical Franchises
     Nutrition
     Senior and Home Healthcare
     Weight Loss
     Other Health Services

 Home-Based Businesses

 

     Home-Based Businesses
     Home Inspection
     Internet
     Real Estate
     Other Home-Based

 Hotels

 

     Hotels

 Pets/Animals

 

     Pets/Animals

 Real Estate

 

     Real Estate
     Inspection/Testing
     Real Estate Sales
     R.E. Services

 Shops/Stores

 

     Shops/Stores
     Cellular Phone
     Chocolate/Candy/Snacks
     Clothing
     Coffee/Tea
     Convenience Stores
     Discount/Dollar Stores
     Dry Cleaning
     DVD & Video Rentals
     eBay Consignments
     Cosmetics/Fashion Accessories
     Food/Grocery Store
     Furniture
     Gift/Jewelry
     Health Food
     Liquor Stores
     Mailing/Shipping
     Party Supplies
     Rentals
     Hobbies/Sporting Goods/Toys
     Windows & Blinds
     Adult
     Flooring/Carpets
     Frames
     Bookstores
     Drugstores
     Shoes
     Vision
     Other Shops/Stores
     Ink Cartridges/Refills/Toners

 Travel & Cruise

 

     Travel & Cruise

 Building - Commercial/Residential

 

     Building - Commercial/Residential
     Construction
     Exterior Improvements/Renovations
     Interior Design/Improvements
     Remodeling
     Repair
     Siding & Gutter
     Inspection/Testing

 Home Design/Decorating/Improvement

 

     Home Design/Decorating/Improvement
     Bath & Bedding
     Closets/Storage/Organization
     Floor/Wall Coverings/Carpets
     Furniture
     Interior Decorating
     Lighting
     Painting
     Window
     Other Home Improvements

 Mobile Services

 

     Mobile Services

 Special Category/Unusual

 

     Special Category/Unusual

 Leisure/Recreation/Sports

 

     Leisure/Recreation/Sports
     Sports & Recreation
     Social Introductions
     Entertainment
     Leisure Activities

The financial implications should be also carefully measured, so that the situations where the franchisee�s taxes to his franchiser could act as a hurdle to securing a correctly controlled business might be avoided. An appropriately controlled company is instrumental in getting a viable franchise. A restaurant or a coffee shop is a long-standing tradition kind of business. When Wimpy got on the British market in 1950, the new type of approach (restricted menu, mainly made up of a few courses but very good ones) turned this business into a successful one. The American market where there are at least 20 types of such licensed operations in the food industry offers another example. The goal of the franchise is to fill in a gap, a market niche with a hard to get or inexistent service or product. Timing is also an important factor. The moment of launching such a product or service on the market should be carefully selected. What would be the point of bringing in a product or a service, which people are no longer looking for or need? The short-term trendy concepts are no longer a solution either, as they might turn out to be short lived. Generally, the following conditions should be met for a business to be franchised:

  • The concept, the products and services included must have proved their success in practice
  • The public image, the system and the methods the business relies on should be peculiar
  • The revenue after operating the franchise should be high enough to enable the franchisee to get back his investments in the franchise.
  • The franchisee should be able to make a decent outcome out of the franchise, so his efforts and work get finally paid off.
  • The license should allow the franchisee to make a profit so that he may be able to pay the royalties to the franchiser.
  • The revenue secured by the franchiser out of the entire operation should be high enough to cover the franchiser�s obligations and offer a reasonable profit.
  • The person trying to operate a license should be cautious. Many of the business opportunities offered in good faith are generally depicted as �franchise opportunities�. Other business opportunities are not offered in good faith and are wrongly depicted, in disguise as �franchise opportunities�

Certain operations, such as the sales agencies, distribution points, sales representative offices have all certain franchise related element, still an important element is missing, such as the uninterrupted relationship, the business structure and the system that turns the business into a franchise.

Regardless of the type of business, each new franchiser finds out that the moment he or she licensed his/her business, he or she gets into a new realm. No matter the method the franchiser is using to make money, he has a twofold role: to sell licensees and to offer his services to his franchisees. Of the two, the most important thing is to ensure the success of his franchisees, as the key to a franchise success is the success of the franchisees. Without successful franchisees, no franchise system will last. But if the interest of the franchisees comes first, the same franchisees can help you become the next McDonald�s

 

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IMO Brochure. Available here

Franchise News & Facts

 


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Contact IMO

Mail:    55,Calea Floreasca , Bucharest2, Grand Offices floor 5

Phone: +40722593371

         

Email:  contact@fbb.ro