The International Franchise Association (IFA) defines a franchise as “a method of distributing products or services. At least two levels of people are involved in a franchise system: (1) the franchisor, who establishes the brand’s trademark or trade name and a business system; and (2) the franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor’s name and system. Technically, the contract binding the two parties is the “franchise,” but that term is often used to mean the actual business that the franchisee operates”.
Purchasing a franchise is a popular entrepreneurial option, which allows you to start a business in a field that you may not have previous experience in but one you have a passion for. The franchisor of the brand offers extensive support and detailed operational support in all areas of business. It’s a way to buy a business and develop your own territory — you are starting from scratch but working alongside a system with strong experience in the field.
The International Franchises Association is a strong organization that supports both Franchisors and Franchisees in all aspects of the franchise system from development to expansion and all things in between. They point out that “many people, when they think of franchising, focus first on the law. While the law is certainly important, it is not the central thing to understand about franchising. At its core, franchising is about the franchisor’s brand value, how the franchisor supports its franchisees, how the franchisee meets its obligations to deliver the products and services to the system’s brand standards and most importantly – franchising is about the relationship that the franchisor has with its franchisees”.
The Elder-Well™ franchise support team is focused on the development and success of each franchisee who join our system. Are team is comprised of experienced franchisees, franchisors, business professionals and Industry leaders with knowledge in every aspect of development and operation.
If you are interested in learning more about our adult day care franchise opportunity, please contact us at: email@example.com or simply fill out the “Request More Information” form on our website.
Disclaimer: Nothing on this website is intended, and shall not be deemed to constitute, an offer to sell a franchise. Franchise offerings are made only by a Franchise Disclosure Document and only in those states where permitted. The Elder-Well Franchise Disclosure Document has not been filed with any franchise registration state.