More and more people are turning to the franchise model of doing business as statistics show a higher success rate of staying in business. Eight out of ten of them are still in business after a period of five years compared with eight out of ten independent businesses that are not.
If you are doing some research or study of retail stores then you will see the different shop or retail clothing opportunities have a wide range of minimum investment fee according to whether they are a department store or manufacturer retailer type and so on.
Financial Considerations
On the one hand it is a little frustrating to think of paying the investment fee or the entry level fee and in most cases the monthly royalty fee which comes generally as a percentage of the turnover.
But on the other hand there are so many benefits to owning a franchise retail business over an independent stand-alone business that these costs are surely worth their weight in gold.
If you are looking at retail opportunities then the big selling points here for the franchise in retailing would be the fact that for example with retail clothing opportunities the designer is going to be on hand for expert advice and the expert in store fitting and layout will have a blueprint for the best design and aesthetics of the store.
The company owner will offer assistance with sourcing the right location and premises for the shop franchise.
Some of the other benefits with the shop niche are the well-known brand name or familiar logo. The whole team will be dressed in a uniform that new customers to your clothes or shoe shop or manufacturer retail will instantly recognise and be familiar with.
Franchising in retailing offers other benefits such as competitive pricing from the wholesalers as goods and services are purchased in bulk throughout the whole company.
A study of retail store may show the benefits of cheaper advertising costs, as more recruits are sharing the cost and a search engine will yield a higher result.
Various types and investment levels
Check out the opportunities in retailing that you have an interest in, department store or other retail opportunities. There are mobile phone shop opportunities, fast food, auto shop opportunities in retailing such as selling pet food or a fashion outlet.
Greeting card retail businesses are available for a minimum investment of around £40,000 and a t the other end of the scale… a vending type business could be started for around £2,000 minimum investment plus stock.
And somewhere in between supplying branded business supplies and promotional products for around £15,000 minimum investment but total package cost around £35,000.
Retail is worth billions to the UK economy and a merchandising franchise can be the connection and access between the retail sector and the customer.
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