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Can franchise stores cross provinces?
It depends on the specific situation of each company. Generally speaking, it can be across provinces.
But after all, opening a store in a different place is no more complicated than opening a store in a local place. How should the entire process of entrepreneurship and franchising be carried out to reduce the risks of operating in a different place? This article only provides the following fourteen steps for opening a franchise store in a different place for the reference of franchisees who are interested in starting a business in a different place.
Step 1. Raise entrepreneurial funds
In terms of the total investment amount for franchising, the funds required to open a franchise store in a different place are usually higher than those required to open a franchise store locally. The funds are slightly higher. Because, when starting a franchise in a different place, in addition to the early inspection, transportation and living expenses, the preparation period for opening a store, including the approval of business licenses, review and supervision of decoration construction, etc., is usually longer than opening a store locally. Coupled with the interference of some uncertain factors, etc., the cost of opening a store will often increase.
Moreover, in terms of franchise fees, the amount collected by the headquarters is usually slightly higher than the amount collected locally. In total, friends who want to open a store in another place should prepare more funds than those charged locally. It's easier to open a store.
If you are operating in partnership with others, remember to wait until the start-up funds are in place before starting the franchise plan, to prevent the other party from changing midway and running out of funds.
Step 2: Collect information and select the city where you want to start a business
Before starting a business in a different place, you must first select a city. In which place do you want to open a store? Shanghai, Beijing, and Guangzhou, which are currently the most popular cities, can be said to be first-class popular cities, and rents are of course relatively high. As for what kind of store is suitable to open in that city, and whether the market will become saturated, there is no certain conclusion. Basically, stores with first-rate competitiveness should be opened in first-level business districts; stores with second-rate competitiveness should be opened in second-level business districts, and so on. As for the choice of city, it can be decided based on personal connections in the local area and the city where you want to immigrate to in the future.
Step 3: Go to a different place to inspect the market
After deciding on the city you want to develop, the next step is to go to the local area for an actual inspection. Of course, you can go and inspect it yourself, or You can participate in off-site inspection groups arranged by the franchise headquarters, but franchisees should not only look at the overall market development potential when inspecting, but should not only think about the huge consumer population, coupled with the vision drawn by the headquarters, and be overwhelmed by the market. I am afraid that if I don’t get a good location first, I will lose a great business opportunity. I also need to observe whether the chain store has a market in the local area? As well as the local development of chain businesses, etc.
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