Looking to buy or invest in a business?
Perhaps you’ve recently been made redundant or you’re just tired of working for someone else? Franchising can offer a solution – by becoming a franchisee you can start your own business, with the support of a proven network. In this section, we provide you with enough information to gain an understanding of the concept and benefits of investing in a franchise, and point toward NWFS products and services that are designed to help the prospective franchise investor make the right choice.
How It Works
In the world of business franchising is format where a company licenses its trademarks and proven business model to another in exchange for an investment fee, percentage of the sales or a fixed pre-determined fee. The company then shares is licensed trademarks and business plan with the franchisor that they both can make money. The individual who pays for the use of the trademarks is known as the franchisee. They are a franchise branch owner who owns and operates a separate sector of the franchisors business in a unique market. Normally, when a franchisee opens a new franchise branch they are assisted by the parent company for a pre-determined amount of time before become self-sustaining.