Franchise

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    Franchise in Turkey

    The National Franchising Association (UFRAD) will train young entrepreneurs interested in the franchising business. UFRAD's Vice President Osman Bilge said.

    Franchise is a smart way to start a business within a network. It has known abooming success in France, UK and the USA. Why not Turkey ?

    A continuing relationship in which the franchisor provides a licensed privilege to the franchisee to do business and offers assistance in organizing, training, merchandising, marketing, and managing in return for a consideration. Franchising is a form of business by which the owner (franchisor) of a product, service, or method obtains distribution through affiliated dealers (franchisees).

    Franchising is a very successful and expanding method of marketing, selling and distributing goods and services. It combines the skills and experience of the franchisor and the goodwill created by the brand. Correctly bringing together the property rights and the extra financial resources provided, plus the entrepreneurial skills and drive of the franchisee, achieves success.

    However, it includes franchising agreements and plans between companies, and decisions made by companies to franchise products or services. It also involves a contractual arrangement between a franchisor (a manufacturer, a wholesaler, or a service sponsor) and a retail franchisee, which allows the franchisee to conduct a given form of business under an established name and according to a given pattern of business.

    Buying a franchise is a great way to start a business, but it can be costly. Here's how to research budget-friendly franchises -- and spend your startup money. No one said starting a business was cheap, but if you think you have what it takes to be an entrepreneur, one of these 10 franchise bargains could help your startup dreams come true -- without the startup-funding nightmares.

    This list was compiled by The International Franchise Association and each franchise had to offer a way in for less than $50,000.