What is Franchise?
A franchise is a business that is owned and operated by an individual (franchisee) but that is branded and overseen by a much larger—usually national or multinational company (the franchisor). Many of the stores and restaurants that you see every day are franchises: Pizza Hut, Subway, Dominos, and thousands more. When you buy the rights to open this type of business, you’re buying the rights to use name, recipes, look & feel, trademarks.
Benefits to the franchisor include regular royalty payments, expansion with reduced financial risk, and a greater geographical presence. Franchisee benefits include lower risk, lower investment, brand recognition, sales from the start, and support from the parent company. For an online food ordering franchise system, one must include the features mentioned in this blog.
Manage Multiple Stores At One Location
For a franchise food ordering system, it is important that the franchisor have access and control of all the restaurants. Although allowing local decisions that are right for each individual restaurant. Noshway makes it easy to manage multiple stores across multiple countries from a single system. The franchisor can manage staff, stock, customers from a centralized panel. At the same time, the franchisee can change his data as per the requirements.
As a franchise, the menu will be the same in most restaurants. The import and export feature allows one to duplicate merchant and their food items. This saves time for each restaurant in uploading the menu. We give a centralized menu, but offer the ability for dynamic changes at the restaurant level.
The most important trend in the franchise industry today is the internationalization of franchising. You cannot go anywhere in the world without seeing a famous Mcdonald’s, Burger King, Dominos or KFC. International franchising has been successful because consumers around the world recognize famous brands as symbols of quality and service. Launching a multilingual website or app is one step for a franchise to establish a strong presence in its global and local markets.
The most important feature of a franchise system is multi-currency. Our system allows your customers to switch between currencies and helps your restaurant to accept payments in multi-currency. The exchange rate is set up manually or automatically using the finance provider you choose from the system. It automatically gets the customer’s geolocation and displays the price in the customers’ native currency.
Managing Own Drivers
Delivery management system allows each franchise to manage their own drivers. As franchise can be in different parts of the country or the world, it’s always better to have your own drivers. Delivery manager can track driver’s location, orders and earnings.
Data is the most important asset for any food business. Use this data by offering rewards, discounts, special incentives by implementing in-built loyalty programs. Keep contact with customers via SMS, email and push notifications and make them come back. We provide out of the box marketing campaigns for restaurants to optimize the growth.