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Franchise Information for Successful Business Ownership

Mini Market franchise offer prepackaged foods, fast foods, beverages, sundries and convenience store goods and services. Mini Market has opened many franchises worldwide. The franchise offers two programs to its franchisees. These programs include:

1.       Simple franchise program-a franchisee is free to open a single Mini Market at any location. The location selected by the franchisee must be accepted by franchisor.

2.       Area develop program- The franchisor define an area within which the franchisee must operate.

Mini Market franchises are being operated and managed by its franchisees. The franchisees are offered the following:

Financial assistance: The franchisor may offer loans to the franchisee for establishment of Mini Market franchise. The franchisee must accept creditworthiness and meet the rules outlined by the franchisor.

·         Training: There are three training concepts for example, on-site training, instructor learning and online learning. The franchisees are trained managerial and administrative roles.

·         Site selection assistance: The franchisee selects three sites suitable for business establishment. Franchisor inspects the sites and decides on one.

·         Ongoing support-The franchisee is informed of new market trends and strategies. He or she is informed of new market out lets and technological developments. Support is offered using internet, Toll-free hotline and security procedures.

·         Marketing support- The market research is conducted to determine the level of demand. Marketing analysis is also done and proper information given to the franchisee.

To purchase a Mini Market franchise, you should have a total investment of $1,786,929-$7,596,688. The franchising fee is $30,000-$70,000 and royalty is 5% of the gross profits. You should have a liquid cash of $700,000-$1,000,000. The term of franchise lasts for a period of 20 years but it can be renewed. The basic business ability is necessary to open Mini Market franchise.

Mini Market franchisees should manage and operate the franchises at least 40 hours per week. The franchisee should successfully complete training to be allowed to own a franchise. To be eligible to own a Mini Market franchise, you should be at least 21 years, US citizen, have good business skills, creative and have good development history.

Mini Market franchise is relatively cheaper than other franchising business. The franchisee’s business is advertised to gain recognition thus attracting many customers. The franchisee has financial freedom and earns extra money. The franchisee is informed of conferences and meetings. When the franchisee attends such meetings, he or she expands his or her knowledge in the business.