Check Out The Pros and Cons Of The Master Franchise Opportunities

1. Check Out The Pros and Cons Of The Master Franchise Opportunities For a well-established franchise business, the franchisor offers Master Franchise Opportunities to extend their business with limited interaction. If they can implement it intelligently, they can have more profit from it. On the other hand, if they take any wrong decision and channel it in the wrong way; they have to face bad consequences and complications. If you want to know what master franchise is then in simple words we can describe that it is an agreement where the franchisor gives the control and responsibility to a franchisee for a larger territory with the right of sub-franchise at that region. Before considering the opportunities for the master franchise, check out the pros and cons of this system. These are the reasons for people searching for Master Franchise Opportunities. • Revenues: To add some extra profit to your existing income, this is one of the easiest ways. For the franchisor, it may cut down the profit on little scale but it saves many other expenditures like legal fees, management fees, recruitment fees, and many others. In this way, they can avoid the start-up cost and enjoy the profit. • Local Knowledge: If you give responsibility to a local person, he/she has better knowledge of the locality. From the demography to culture, the local person has the upper hand to get all the details and communicate with the target customers more effectively. To establish a new branch, these are the most important factors. They understand the legal difference or even the language which will be a great help for your brand. • Better Network: The franchise business model is designed for easy expansion. However, it takes lots of hassle as well. When you have Master Franchise, you need to take minimum worry to build the network as most of the responsibilities is upon the master franchisees. Cons of Master Franchise:

2. Check out the disadvantage of the system to stay prepared better. • Lack of control: All the franchisors want full control over their business but this system cant provide that as the master franchisor has to make the decision for the locality. • Complexity: The structure of the franchise business goes more complex and everyone should have a clear knowledge about it. Resource: opportunities/ https://educationbuzz.net/check-out-the-pros-and-cons-of-the-master-franchise-