Owning a Franchise FAQ

Frequently asked questions about owning a franchise business.

Frequently asked questions about owning a franchise business.

Purchasing a franchise is a big decision that can provide you with leadership opportunities and a pathway to entrepreneurship. Franchise networks provide support to their business owners by establishing brand guidelines and a proven business model. Owning a franchise means being in business with yourself but not by yourself. But what does owning a franchise truly entail and what is the framework for these types of businesses? Are they proven to be successful? How much risk is involved? Bare Metal Standard’s blossoming franchise network is a strong example of how a well formulated system can bring success to new entrepreneurs.

 

What is Franchising?

Franchising is a way to provide products or services to a wider audience, generally when a company has goals to go nationwide or international. A franchise system includes two parties: the franchisor and the franchisee. The franchisor lends their trademark or brand and business model to the franchisee. The franchisee then provides that product or service to the public as their own business, but under the franchisor’s name and brand.

 

How Does a Franchise Chain Start?

When an existing business finds great success in its venture, the owner may consider goals for expansion. This often looks like opening another location in a different area and then hiring employees to manage that branch on their behalf. Once this second location opens, a franchise chain has been created. If the owner wants to continue to expand but does not want to operate the additional stores themselves, they can decide to “franchise” the store name or business system. They would then provide this brand or system to an independent business person (the franchisee) in exchange for an initial fee and/or a continuing royalty payment based on a certain percentage of that franchisee’s sales.

 

What Types of Businesses Generally Begin Franchising?

Every type of business you can imagine can be franchised. With more than 75 different categories listed by the International Franchise Association, franchising is a widespread and successful way to expand your business. Most people generally think of fast food restaurants, but the franchise system has been applied to established industries across the board including real estate, hotels and motels, travel agencies, printing and shipping services, and professional cleaning services like Bare Metal Standard.

 

What is “Business Format” Franchising?

Business format franchising provides the franchisee with a plan, or format, by which they can know how to operate the business. This can take the form of a step-by-step guide or extensive training before opening the branch. This plan can include ways to address common management problems as well as a matrix for making decisions. Purchasing a business format franchise comes with the advantage of adopting a system that has been developed, tested, and proven to work without all the guesswork.

 

Bare Metal Standard provides you with comprehensive training on our proprietary kitchen exhaust cleaning methods as part of your initial franchise fee. We also provide access to state-of-the-art equipment and show you how to use it. Oh, and did we mention we have a 24/7 support line for technical questions and troubleshooting? Our system is proven, and our support is unmatched by many franchise networks. Contact us to get started.