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franchising and licensing asia 2015
- Thread starter krafty
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thanxs boss! i looked at the list of participants, only few brands i have heard of, like 7-11. the rest are dun know from where and what good they offer.
http://franchiselicenseasia.com/list-of-exhibitors
but i see the money earned will be wiped out by the exorbitant rental of sinkie shopspace.
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We should team up man. I've heard of all the others but never heard of 7-11.
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what do you mean? i dun quite get you.
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It's my friend's thread, so I need to support
In fact, come to think of it, driving taxi is a form of franchising. You carry the brand of "ComfortDelgro" or "SMRT" around, and passengers who flag your taxi trust the brand, not you. You pay the taxi operator a rent that is equivalent to your franchise fee, and whatever remainder you earn is yours.
The only problem with franchising is you are making wedding gown for a third party. At the end of the day, whatever goodwill "your" business gains will be profited by the brand and exploited by your franchisor.
The other issue is the cost. In Singapore where rental costs a bomb, you really need to work you butts off to cover the rental. To keep your cost low, you cannot afford to be a patriot. You need to employ cheap FTs to run your daily operations, unless you can do it all by yourself.
No doubt a familiar brand will give you a head start, but still it doesn't solve the issue of exorbitant rental. Your landlord will always be breathing down your neck, and if he senses that you are making good progress, and your business has built a goodwill around the neighbourhood, rest assured he will raise the rental.
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good points, i think it's a no go for this franchise. the rental thing is bad. i knew a couple selling soya bean milk by partitioning a small space from the main shop. he was making money and then the landlord wanted to increase the rent. he was already paying 4k for the rent then, and the landlord was greedy, wanted more.
It's my friend's thread, so I need to support
In fact, come to think of it, driving taxi is a form of franchising. You carry the brand of "ComfortDelgro" or "SMRT" around, and passengers who flag your taxi trust the brand, not you. You pay the taxi operator a rent that is equivalent to your franchise fee, and whatever remainder you earn is yours.
The only problem with franchising is you are making wedding gown for a third party. At the end of the day, whatever goodwill "your" business gains will be profited by the brand and exploited by your franchisor.
The other issue is the cost. In Singapore where rental costs a bomb, you really need to work you butts off to cover the rental. To keep your cost low, you cannot afford to be a patriot. You need to employ cheap FTs to run your daily operations, unless you can do it all by yourself.
No doubt a familiar brand will give you a head start, but still it doesn't solve the issue of exorbitant rental. Your landlord will always be breathing down your neck, and if he senses that you are making good progress, and your business has built a goodwill around the neighbourhood, rest assured he will raise the rental.
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There is no satisfaction in being a franchisee of a drink stall or convenience stall. There is only so much to be earned in a drink stall. As for convenience stall, it really is convenience that matters. You don't have to pay $50,000 to carry that 7 Eleven brand. You just need to know the suppliers, and you can work out the terms with them. If your items are cheaper, I don't why customers will not patronize you. God knows how expensive 7 Eleven is selling those similar items.
Suppliers are like OEM and they can sell to anyone, and they will do so. The items in 7 Eleven and Cheers are strikingly similar, and all you need is to give your shop a good decor and make sure the air conditioning is strong.
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yups, i am trying to find something, hopefully a business to do. that's why i asked all about franchising. i think it is not cut out for me, better find a simple job and be done with it.
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