FRANCHISING

Franchising is the practice of using another firm’s successful business model for the procurement of monetary gains. It has generated well over trillions of dollars of business worldwide. In layman terms, a franchise is merely a leasing of an opportunity, not acquiring a business for the purpose of owning it.

A franchise can be exclusive, non exclusive or “sole and exclusive” depending on different geographical outlay.Alongside with it lies the possibility of developing into sub-franchise or a franchise with JV.

A successful franchise offers franchisees the advantage of starting up a business based on a proven trade and infrastructure.

Franchisors and franchisees have different obligations and interest to protect.

What business characteristics to look for in a franchise?

They are-

1) Good profit track record
2) Ease of duplication
3) Detailed Standard Operating Procedure aka SOP
4) Unique and innovative concept
5) Broad geographical and gender appeal
6) Ease of operating
7) Economic in costings
8) Potential for expansion growth

*The above is for reference and not to be taken as compulsory prerequisites

Acel Venture offers the following franchise services:

1) We assist companies to plan on franchising their business to structure and develop their SOP ( Standard Operating Procedures) and to work out suitable franchising models for them.

2) We seek to match-made potential franchisees with suitable franchisors.

3) We also act as managing agents managing the franchisees for the franchisors, assisting the franchisees in their operations and assists the franchisor in fulfilling their obligations to the franchisee and act as a liaison between the main franchisor and franchisee.

For more information and queries,please contact us directly at (65) 6633 7063 or simply email to rita@acelventure.com.sg

We have been very blessed and grateful to our clients who have supported us all these years by recommending our services to their friends and business allies. We are constantly improving ourselves by amassing high quality expertise to serve our clients.