Everything you need to know about the franchise program platform
The idea of a franchise business combines creativity and opportunity, as it can be an excellent investment move for ambitious individuals looking to build their own businesses. Besides, it is a unique opportunity for a successful company to expand its scope and spread its success to new places, that’s why this franchise program is essential.
The best thing is when you find someone who makes the road easy for you, especially at the beginning of your journey with the franchise, and this is what the Saudi franchise program offers you through the franchise program platform recently launched Dulani Business Center. In this article we will learn more about this platform, how to use it, and what is its importance for both the franchisor and the franchisee.
What is a franchise business?
Franchising is a business model that allows individuals or companies to benefit from the fame and success of a well-known brand and take advantage of its proven business system. The privilege also gives the person receiving it several benefits, including:
- The right to use the trademark.
- Proven work experience.
- Support and training from the parent company.
For more information on what franchising is you can read What is franchising?
What are the benefits that the franchise program offers to entrepreneurs?
In this regard, commercial franchisees as well as their recipients can take advantage of the commercial franchise program provided by the Social Development Bank, which aims to develop and qualify local brands by preparing all the transformation documents for the franchise system, and providing opportunities for franchisee investors with funding up to 4,000,000 SAR. Therefore, the franchise program platform was launched within the framework of Dulani solutions in franchising event, which was held on the twenty-third of August 2023.
About the most important services provided by the Social Development Bank.
The bank is concerned with empowering social development tools, enhancing the financial independence of individuals and families towards a vibrant and productive society. Besides, the bank provides a package of various products for individuals that meet their needs and fulfill their desires, in addition to savings products.
Other services offered by the bank include:
- Financing of individuals.
- Family financing.
- Marriage financing.
Who are the beneficiaries of the franchise platform?
- Business entrepreneurs.
- Those wishing to obtain commercial privileges.
- Those wishing to obtain financing for their business projects.
- Seeking advice regarding commercial concessions.
- Those wishing to attend courses and workshops.
What benefits does the franchise platform offer to business entrepreneurs?
The platform gives entrepreneurs and brands the opportunity to transform their brand into an integrated franchise system. This is due to the availability of several conditions, namely:
- Complete all the legal documents required for incorporation in light of the company’s law.
- The company carries out the main activity for at least two years .
- Having two or more branches.
- Prepare the entire company profile and register the trademark and trade name.
- Having the added value or advantage of your product or service.
What business sectors does the franchise program platform offer for franchising?
- Food and restaurant sector
- Automotive sector
- Retail sector
- Services
- Cleaning and maintenance sector
- Children’s products and services sector
- Health, Personal Care and fitness sector
- Education, training and employment sector
- Household products and services sector
- Financial services sector
- Franchise business
- Sports and entertainment sector
- Business services sector
- Healthcare sector
- Travel, Cruises and hotels sector
- Internet and technology sector
What is the maximum amount of funding that can be obtained through the platform?
Financing up to 4,000,000 SAR. This is due to the availability of several conditions, namely:
- The finance applicant must be a Saudi citizen.
- The applicant’s age should not be less than 21 and not more than 65 years.
- To work on his project full-time.
- It does not combine two applications for financing from the bank’s financing programs.
- The integrity of the credit history according to the bank’s policies.
- The applicant must be accepted by the franchising company.
- Passing the training stage at the donor company.
- Guarantees of at least 30% of the financing amount to be provided.
What type of Consulting is provided by the franchise program platform? And is it free?
All consultations are completely free. You can choose between virtual consultations, which are offered through the available electronic channels, or consultation sessions, which require physical attendance.
You can choose from the following categories:
- Marketing consultation
- Technical consultation
- Operational consultation
- Management consulting
- Financial consulting
- Franchise consulting
How to join the courses and workshops offered through the franchise program platform?
Workshops and courses are held via the Zoom application and you can check the dates and topics of the sessions by visiting the platform Dulani business center .
Here’re some of the Sessions topics:
- Entrepreneurship
- Financing of commercial projects
- Investing in emerging technologies
- Marketing strategies for startups and small businesses
How many brands can you get a franchise with?
- 53 brands in the food and restaurant sector.
- 5 brands in the automotive sector.
- Two brands in the retail sector.
- Two brands in the service sector.
- 5 brands in the cleaning and maintenance sector.
- 5 brands in the children’s products and services sector
- 5 brands in the health, personal care and fitness sector
- 5 brands in the education, training and employment sector
- 5 brands in the sector of household products and services
- 5 brands in the financial services sector
- 5 brands in the business franchise sector
- 5 brands in the sports and entertainment sector
- 5 brands in the business services sector
- 5 brands in the healthcare sector
- 5 brands in the Travel, Cruise and hotel sector
- 5 brands in the internet and technology sector
You can now check out the platform Dulani business center and explore the services that you can take advantage of so that you can move forward with your