Retail franchising is now a familiar mode of business operation for the last few years in India and across the world. It is a method of establishing a single store based on the name, trademark, branding, and products of an existing business.
While franchising is a vast universe in itself, franchisees could focus on certain segments like a restaurant, car wash, beauty salon, ice cream parlour, cleaning, and others for establishing a successful career.
Franchisors are skeptical towards choosing their prospective franchisees and there is a cut-throat competition among aspiring franchisees. Read on to know how do franchisors chose the best franchisee for their business.