QUOTE(jinn27133 @ Nov 11 2021, 12:17 AM)
Yes ,was thinking franchise.
May I know whats the different between opening a franchise, and doing own brand or restaurant ?
franchise basically like trading, everything is ready (training might be include), so u just ready ur funds and they setup everything for you till ur business end (in between, restock, inventory, all u don't have to worry).
Franchise question :
the brand sell ? (like mcd, kfc, 7-11 n etc, it sold automatically)
Setup: what do they provide, design ? renovations ? equipment ? staff ?
Operating : Staff training, POS system, Inventory (in/out/return/delay/alternative), response, relationship.
expenses & Profit: A&P (share, own, split(ratio)).
so contract n licensing/royalty fees is the key.
good "brand" franchise, u don't have to worry on anything, right locations sell, but higher loyalty fees.
Limit on profit and restrictions.
Own brand, u can do anything u, how much u make is totally depend on you. (but a lot headache).
for example :
30k opex permonth include 60k-80k product, means everyday u need to generate rm 1k sales to break even as starter.