Greetings, everybody. As one can see, a significant number of franchising businesses is mushrooming all over the cities and towns around Malaysia regardless of the slow economy and also the high franchising fee. Anyone here that owns one or more of this businesses and also to those with information on it are welcome to share with us here.

This post has been edited by Lazy_Kid: Mar 18 2010, 09:23 PM

What information exactly are you referring to? (ie. franchise fee, terms and conditions and etc?)

Well, actually i dont have much info on all this and how the system works. I've search Google for some info and also started this thread in hoping you guys can share and contribute more. Anything related to this topic is welcomed.

This post has been edited by Lazy_Kid: Mar 18 2010, 10:23 PM

well, unless you have 2-3 millions, then consider your self a candidate.
by the time you have 2-3millions, i suggest you go and do investment on property or trust funds.

i think franchise info can be found on their respective website. If they are too lazy to find out, then they should not be doing this.

even though u have enuf badget to open a franchise store, not 100% will be accepted becoz the decision depends on them. exp mcd...damn hard to get the franchise even u got the money

Let me rephrase the question another way. One whose answer is not in the franchiser's website.

If you have some money, and no experience in running a business, is it better to start your own business, or get a franchise?

If you *do* have some experience in running a business, would it still be better to get a franchise?

Of all those franchises out there, which one is the best?

For the purpose of this thread, I define "best" as the biggest profit, possibly ciombined with lower risk, and less work.

Old town ....600k for 5 years + u must own the corner shop lot
Papa rich ....1.2m for 5 years
Station 1 ....1m for 5 years
Hailam Kopitiam 450k (half year ago)

with 500k cash, what franchise can i open? any good suggestion?

Suggest u start 2 - 3 different business also dun advise u open a franchaise.

Don't put all egg into a basket.

junkeat,

With such limited cash, I would suggest otherwise. Newbies should start venturing into business through franchising first (as no experience is needed). To start 2-3 different businesses with no experience is suicide.

What is your interest and experience?

Of course invest according to your experience field or venture or partnership with your fren. U cant manage all in 1 time.

Besides, u cant franchaise with 500k.

@Lazy_Kid

actually, my friends and i was on track/plan to involve in this kind of business..
hope it will be a reality in future..

i try to share some related information here..

u can try to check the info frm malaysian finance ascociation frm this website.
www.mfa.org.my/

they also provide you basic knowledge by attend the seminar, just cost RM20..I plan to join this seminar but until this time i cant find the suitable time..

u also can try get information mecd frm this website..
http://www.franchisemecd.gov.my/web/guest/home

there are list of franchisor, and detail of fee n etc over here..

thats all i can share..

This post has been edited by sazuwi: Mar 21 2010, 07:02 PM

junkeat,

Not everyone will succeed doing business in their own field. You NEED to have the experience in running a business. As for a newbie, I will NOT encourage partnerships for the same reason as above.

Can't franchise with RM500,000? I think you need to do a little research before making the conclusion.

I do agree not everyone will succeed doing business in their own field but better than doing business without your specialist.

Situation A. An accountant wan to start up a legal firm.
Situation B. An accountant wan to start up an accounting firm.

Which 1 do u think have the higher possibility of success where doing business in both field ?

If u can manage 2 or more business at 1 time at the beginning stage then i dont think partnership is require. But if u cant seems u have no choice other than doing so.

Mind share wat kind of coffee house such as papa rich, old town that can franchaise with 500k ?

If the principal owner is successful why then should he franchised his business?

Because, if the principal owner is located in KL and want to expand his business nationwide.. Who is he going to trust to handle money in Penang branch, KEdah branch, resources/planing ..etc. And who else is better understanding the local market, then the local himself.

Easiest way out is to franchise... and earn constant income , initial income(ppl sign up with him, he already earn tons) and monthly income( income base on gross profit, rugi oso have to pay the principal owner).

Got it?

Try to dive what things are you good in ?could be cooking?designing ?or anything that you quite fonds of,and make sure that you're master with ur field.and btw,in my opinions,opening a restaurant would be good if you;re good in cooking with friends recomendations.thats among the best business that can last for quite some time,for electrical stuffs or cars,that's very hard,coz not everyone can afford it everyday.

junkeat,

Read up more about franchising and learn the meaning of it. If one needs field experience in the industry, why should he/she subscribe to the franchise?

By the way, not only F&B business can be franchised. ANY niche and unique business can be franchised. Haven't heard of franchised kindergartens? What about franchised salons? Or even franchised car rental business? I have advised you to read up to expand your knowledge.

DarkNite,

Do you know how to run a successful business in the first place? Successful people USE leverage, while average people work like a COW and never successful. That is why not everybody can be successful because they have average minds.

Keep in mind that franchising is NOT selling off a business.