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Franchise help.

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ineedhelp
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Posts: 3
Joined: Mon, 30 Apr 2007

Franchise help.

Postby ineedhelp » Mon, 30 Apr 2007 8:15 pm

does anyone know how does franchising works in singapore?
Like the legal fees i need to pay or the license i need to apply.
How do i start a franchise of fast food from other countries(with their approval already) to singapore?

oh, and is it risky to bring in a fnb franchise that is 80k?
please give advices! thanks!

Winxkid
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Posts: 195
Joined: Wed, 11 Apr 2007

Re: Franchise help.

Postby Winxkid » Tue, 01 May 2007 12:51 am

ineedhelp wrote:does anyone know how does franchising works in singapore?
Like the legal fees i need to pay or the license i need to apply.
How do i start a franchise of fast food from other countries(with their approval already) to singapore?

oh, and is it risky to bring in a fnb franchise that is 80k?
please give advices! thanks!


how franchising works depends on the franchising system of individual company. regard to the legal fees, of cos, have to depend on the company too. As long as its a legal business model where there's trading of physical goods/return/service. There shouldnt be any problem. copyright is the main legal concern here.

FnB is a very big industry. So have to depend on type of crusine or biz model already. for example, one of my friends got a franchise for a cafe for about 50-100k. Of cos, on top of the operating cost, leasing of equipments n rental, You still need to pay for the franchise service. For example, Mac charge 4% of profit from each franchise monthly.


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