1. Lower risk of failure - statistics show that the failure rates of franchises are much lower than those of other types of new business.
2. Established customer base - since franchises are established companies the fact that there is demand for its products and services is already known.
3. Training & Support - most franchises will offer training and support to their franchisees to give them a greater chance of being successful.
4. Shared marketing costs - in franchise systems the cost of advertising is shared between the franchising company and each franchisee meaning that individual marketing costs are reduced.
5. Ease of obtaining funding - most foodcart franchises are offered at a very low start up rate.
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