Automotive Franchises have been rising
A franchise is the way when you are ready and willing to run your own business, but you cannot come up with an original and feasible idea of what the business should be.
Buying a franchise is one of the options that arise when people are thinking about starting a business.
However, many of them are very reluctant to follow this channel, because even if their opening argument sounded good, the idea of a franchise is frightening and a little intimidating.
It sounds like a complicated concept. Even the word itself – “franchise” – sounds complex.
Check our Top 10 Franchises for Mobility and Automotives:
| Franchise | Equity | Brand Strength | Establishment year | Valuation | Application |
 | CDN$ 35,000 | 4.9/5.0 | 2018 |  | Apply now! |
 | CDN$ 30,000 | 4.8/5.0 | 2017 | | Apply now! |
 | CDN$ 15,000 | 4.5/5.0 | 2017 | | Apply now! |
 | CDN$ 12,900 | 4.5/5.0 | 2016 | | Apply now! |
 | CDN$ 10,000 | 4.3/5.0 | 2014 | | Apply now! |
 | CDN$ 8,000 | 4.2/5.0 | 2008 | | Apply now! |
 | CDN$ 5,000 | 4.1/5.0 | 2007 | | Apply now! |
 | CDN$ 5,400 | 3.9/5.0 | 1999 | | Apply now! |
 | CDN$ 5,000 | 3.9/5.0 | 1987 | | Apply now! |
However, many of them are very hesitant to follow this channel, because even if their opening argument sounded good, the idea of a franchise is frightening and a little intimidating.
It sounds like a complicated concept. Even the word itself – “franchise” – sounds complex.
THE CONCEPT OF THE FRANCHISE
Since many people describe a franchise as an alternative to a company, it is easy to assume that they are different. However, a franchise is actually a type of business, and is operated and operated like a company, with few differences noted.
Franchising offers a scenario where a franchisee – often an individual or a smaller company – acquires the license or right to use the business system of an existing brand from a franchisor who is often a larger company.
This includes the right to use the franchisor’s brand, logo, products and even marketing strategies and techniques.
The franchisee may also use the promotional materials produced by the franchisor, such as slogans, signs and posters. Nevertheless, the franchisee is still the owner of the franchise, as shown by the franchise agreement concluded when the rights were paid for.