Commonly a Franchise is a third-party retail outlet that buys the rights of business logo, name, model, and branding from the actual owner. It is like an independent small business.

Benefit:

Consider a restaurant has 120 outlets, and the owner wants to expand the outlets but he/she doesn't have enough funds or resources. Using this franchise, the owner can sell his product, logo, and brand to another retail outlet. Not only by selling, they can also expand if they are established and built a brand or have proper resources and plans. This helps them to gain profit and lower the failure rate. The parent company can use the size of the network to negotiate deals that every franchisee benefits from. A lower cost of goods lowers the overall operating costs of the franchise.

Steps to create the franchise outlet in ServQuick

Step1: Go to Settings, under Organization select the Location option

Step1: Click on Add Location

Step1: Enter the required details like Name, Country, State, City, Phone, Email, Parent Location, and Business Type

• Choose the Parent Location. When you select the Parent Location, all the items will be loaded from this location

• Choose the Business Type as Franchise

• Enter your bank details under the Bank Details section

• Under the Configuration field, if required, you can add the Tax, License details

• Click on Save and the franchise outlet will be created successfully

Note: State selected cannot be modified later

Now you can create a Franchise Outlet in ServQuick quickly by following the above steps. After starting a franchise business, you get to be your own boss with the added benefit of receiving support from the franchise’s knowledge base.