What importance does brand play in choosing a franchise?
One of the biggest advantages to buying a franchise is springboarding into an established brand. However, it is often true that the bigger the brand, the more expensive the franchise becomes. So, what if you don’t want to or can’t afford to buy a very established franchise?
The advantage of an established brand is customer trust, confidence and supplier integrity. If the franchise you are considering is not yet well-known, you can look at how the franchise operates and whether there are any strategic partnerships that can offer a similar advantage.
A good example of this is the Waves car wash company, which was set up to offer Tesco customers a hand car wash while they shop in the supermarket. Franchisees work from Tesco car parks and use marketing literature and signage that features the Tesco logo. So, although the Waves brand is still largely unknown, the client relationship with Tesco offers you brand power that you would rarely find elsewhere.
Waves recruitment is done exclusively through http://www.gilmoreconsultancy.com/.
