When talking about the low cost franchise opportunities, these brands keep coming into our views: KFC, McDonald’s, Starbucks, Nike, etc. So what exactly franchising is? In fact, Franchising can be described as a covenant between the franchisee and the franchisor. In this mutual and lasting relationship, the franchisor teaches the franchisee how to start a business by authorizing his or her brand, technology and resources to the franchisee, and charge the franchise fees. As a result, the franchisee is able to do business in that broad market.
The reason why franchise stores gain more and more popularity in recent years is that they have muscular flexibility, initiative and autonomy. What’s more, for the franchise business, the market is relatively stable with their own brands, stock system, related equipment and the advertising and publicity efforts of headquarters.
It’s an undeniable fact that the franchise business is booming quickly and attracts many people to this field. As a matter of fact, there are some low cost franchise opportunities in retailing for these years. And people take advantage of these opportunities to make a fortune. Take XIMIVOGUE as an example. Located in Guangzhou International Finance Center, XIMIVOGUE is one of the leading Korean fast fashion brands with a turnover of more than 2 billion RMB in 2018. It has opened about 1,500 stores all over the world in three years. And on average, two franchise stores are opening on the earth every day.
Company Name: XIBIN Import and Export Co., Ltd.
Address: 18F, International Finance Center (IFC), Zhujiang West Road, Guangzhou, China
Phone: +86 020-666-00099