Many people consider buying a franchise today. You can define a Proforma franchise as just a blue print which can help you towards achieving success. There are some factors which are also to be kept in mind before starting your operations.
Some of them are:
If these conditions are correct, then your Proforma franchise can help you and be financially rewarding.
But before all of these things, you should know what a Proforma franchise is. Proforma franchise offers sales and distributions of printed business services and products. This also includes commercial printing, business forms, specialty advertising objects, and some other business-related supplies. Primarily, these items are all accommodated in a business-to-business environment. Franchised business can be operated by the franchisees even from the comfort of their homes. However, there are options for the franchisee to purchase or maybe lease out a commercial establishment to operate the business.
Methods in thefranchise: The System can include a number of things such as-
· accounting methods
· marketing using promotional techniques
· volume purchasing power
· account acquisition programs
· preferential vendor relationships
· personnel training
· Some other matters which are related to maintaining the uniform quality standards along with the efficient operations and supervisions of all the businesses which are being operated under the whole Proforma franchise system.
Rights and offers of the Proforma franchise system: The Proforma System also provides you with some rights which you can take advantage of. The rights enable you in offering and selling your services and products on the Internet. The franchisee has the right to offer services and products but only those that are franchisor approved.
Specifications about costs and fees: There are some figures related to investment and fees which you have to consider:
Total investment:$4,730 – $53,195
Franchise fee: $0 – $29,500
Ongoing royalty fee: 5-8%
Term of agreement: Agreement term is not renewable
Benefits:The major benefit of this Proforma System provides a right to the franchisor by which he can provide invoices to his customers, pay the franchisee’s vendors which also includes the franchisor. And this can be from amounts that the franchisor gets from his customers on behalf of the franchisee. The franchisor can also assist in the vendor identification, helping to provide reports, fill customers’ needs and perform some extra record and book-keeping functions on the behalf of the franchisee.
Five Steps by which you can discover more about the company:
Step 1: You have to learn more about the Proforma franchise. You can also request for additional information if you want.
Step 2: Give your complete personal profile on the lines or in the information packet which is provided to you.
Step 3: Talk to the franchise owners. Learn more from them.
Step 4: Visit the worldwide Proforma franchise support centers.
Step 5: Attend the new owner training and orientation program.
All in all, with the above information, you can decide whether a Proforma franchise is the best choice for you. If you become a franchisee, there is no guarantee that you will be successful in all of your future ventures. You have to know and consider all of the above facts and be very sure about them before putting your signature on that particular dotted line. Therefore, think over the pros and cons before making your decision.