When looking at a franchise, a benefit that you as a potential franchisee should see is to be identified with that franchisor’s name and brand. The longer that a franchisor has been in existence and has matured, recognition of the brand name increases; and the more valuable it becomes to you as a franchisee.
Delivering a quality service or product with the help of advertising will elevate a franchisor’s name recognition with the general public. In turn, this will give you as the franchisee instant brand recognition for your own location – one of the reasons why franchised business enjoy a better track record of success than businesses that aren’t. The odds of turning over profit increase in your favor when you choose the right franchise system.
Remember, those franchisors that have a well-established brand will require more strict requirements on what you can and can’t do. Training will be more extensive. Many large and known franchisors have their own “colleges” and “schools” for new franchisees to attend training sessions to learn about their franchise system and be successful. This can consist of a combination of classroom and on-site training, allowing people who may be inexperienced in the operation of the franchisor’s business to successfully give the same quality products and services in a uniform matter.