How to become a part of myRent?
- Register at the following link: reg.my-rent.net
- Our team will contact you within 12 hours
- We will make a presentation and education for you
- Start making money!
What are the prerequisites?
How much does it cost?
What is a franchise?
Franchise business is a business model in which a company (franchisor) gives an entrepreneur in a certain territory the right to use his trade name (brand) and in practice a proven business system. In return, the franchisee undertakes to pay a franchise fee (a fixed amount payable upon signing the contract) and royalties (a percentage of the total turnover generated at the franchisee's location that is usually paid monthly).
There are several types of franchises, which is probably why the government is confused about which companies operate on a franchise basis and which do not. The strictest rule is that if one name (eg Benetton) is hung in front of the retail outlet and the employees are employees of another company - it is most likely some kind of franchise.
Something more about the franchise
That the franchise business model is resilient to the crisis and that it increases its share in the overall economy every year - can be confirmed by the example from France. Ten years ago, the National Bank (Banque Populaire) and the French Franchise Federation (Fédération française de la franchise) launched a project to monitor the franchise market in this country. To create a detailed picture of trends, developments and changes in the franchise sector, reports were published each year.
This year, the tenth edition in a row also presents data that indicate that the franchise's business in France has been constantly growing in the last ten years. The volume of turnover in the franchise sector increased by 21 percent and today amounts to as much as 50.7 billion euros.
In addition, the strong growth rate is reflected in the increase in the number of new franchise systems and the number of entrepreneurs who have become franchisees. Although the last decade has been marked by both the economic crisis and the prolonged recession, in France the number of franchise systems (franchisors) has almost doubled (98%), and the number of franchise units has increased by 77 percent - from 36,773 at the end of 2003. more than 65,000 at the end of this year.
The survey also shows that the vast majority of entrepreneurs in the franchise sector (93%) are very optimistic about development in the near future. The report shows that four out of ten entrepreneurs plan to open at least 10 business units in the next 12 months, while three out of ten have the ambition to expand beyond the French market in the next two years.
Some of the French franchise brands, on the other hand, are already in the markets of this region. The Casino retail chain recently opened a supermarket in the Serbian capital, while Carrefour announced that it will open its first stores in 2015. The franchise also includes the children's fashion brand Sergent Major, natural cosmetics Yves Rocher, the car rental agency Europcar, the textile care company 5asec, and the home and garden furnishing company Mr.Bricolage.
The Europcar, Carrefour, Yves Rocher and 5ásec brands were also among the 100 most successful franchise systems in the world this year, according to the prestigious list of the FranchiseDirect.com portal.
A franchise where the customer acquires the right to distribute the product under a well-known brand, in a certain area. These franchisees are most often required to supplement the distribution itself with some pre- or after-sales activities (e.g., Ford service services).
OBLIGATIONS FOR FRANCHISERS
Acquisition of new facilities in its area
Finding new partners to offer activities and excursions
Initial training for renters and business partners