How to open a network store

You can open a network store even with a small starting capital and the absence of a pronounced entrepreneurial talent. Such outlets are opened under a franchise agreement on the basis of a successful and profitable business plan.

Instruction manual

1

In America, franchised chain stores account for about 50% of the total. Franchising, in fact, is the transfer of partial rights to use the brand and business idea by the franchisor in favor of the franchisee for a certain fee or percentage of profit. You rent the brand name or trademark from someone who owns all rights to them.

2

The obvious advantages of opening a chain store are: brand promotion, guaranteed quality deliveries, no advertising costs (since the company is already popular in the market), as well as a low level of entrepreneurial risks.

3

To open a chain store that will bring you regular income, first determine the most successful company in your chosen sales area. Let it be the world famous brand of clothes or the only official representative office of a laptop manufacturer in the region

The main thing is that you are satisfied with the terms of the franchise and the period of full payback of the business.

4

Before concluding an agreement, you will be required to draw up a detailed cost estimate. It should include the cost of renting a outlet or buying a room, all necessary taxes and insurance premiums, the estimated number of employees and the size of salaries. No franchisor agrees to sign a contract without observing this clause.

5

Choose a room that will be located in a crowded place. The main avenue of the city, a popular shopping center or the proximity of markets will be good guidelines for finding the future location of your store.

6

Organize qualified staff training. Usually, in the case of the opening of a new chain store, the franchisor provides teachers and training materials to train future workers.