Franchise Information Blog

Two Types of Franchises

Why Buy a Franchise? There are two types of franchises

·        Product franchise- distribution of a product

·        Business-format franchises- include everything necessary to start and operate a business in one complete package.

Business format franchises provide the product, trade names, operating procedures, quality assurance standards, management consulting support, and facility design. Many familiar convenience stores and fast-food outlets, for example, are franchised in this manner.

People are attracted to franchises because the best ones have PROVEN to be extremely successful over the years, and they combine many of the benefits of business ownership with the brand name, experience, and economies of scale. In fact, good franchises generally have a higher success rate than other types of businesses. 

When you buy a franchise, you know what you are getting.  You can question others that went before you to ensure your success.  According to the studies; a franchise has a 91 % rate of success while an independent business rate of successes is at 17%.