The betting business is a promising and profitable sector of the gambling industry. A modern betting shop has a great resemblance to the financial exchange where people take part in trading. Gamblers are attracted by the fact that the victory depends not on dumb luck but on the ability to analyze situations and predict the outcome of events.
Taking into account the competition and the specifics of the industry, an independent launch of a bookmaker’s office will require extensive knowledge and a lot of time and money. The Rosloto team offers a beneficial alternative: from us, you can buy a betting franchise at an affordable price. We guarantee round-the-clock customer support, a secure transaction, and pleasant discounts.
A franchise agreement is a cross-functional commercial tool, which is widely used in various business sectors.
The betting franchise means a documented transfer from the seller (franchisor) to the buyer (franchisee) of the right to use the logo and other branded elements, the business structure, and software products for a monetary reward.
Major companies with a well-established commercial network and a good reputation have their own interest in cooperation with the beginning entrepreneurs.
The bookmaker’s office franchise is beneficial for the parent company for several reasons:
The betting business franchise is a ready-made product with a well-functioning infrastructure and a well-promoted brand. The buyer should neither spend money on the creation of his own logo nor purchase the software and resolve organizational issues.
There are not so many items of expenditure associated with the entrance to the market:
A bookmaker’s office franchise has the following advantages:
One of the disadvantages of the decision to open a bookmaker's office under a franchise is the lack of opportunities for the individual development since the design, bonus options, and advertising strategies are supervised by the parent company. However, this is not a big problem because, in return, entrepreneurs gain work experience and get a well-functioning technical basis and protection against financial risks.
It is very important to choose the right seller. There are several criteria which show you that a company may turn out to be unfair:
When planning to open a bookmaker's office under a franchise, an entrepreneur must decide what format of the franchise agreement he is going to choose.
The IFA international agency (United States Franchising Association) identifies 3 principal directions:
Options for the betting franchise contract
In their work, operators can only use the brand of the seller. The rest of the business systems (from the creation of a website to the purchase of software and formation of a support service) remain under the jurisdiction of the buyer
Permit for the distribution
Entrepreneurs buy the right to distribute the franchisor's branded services. This is useful for opening network betting shops
“Clear” betting franchise
The seller offers a full-service business:
The Rosloto team offers some useful tips for those who want to know how to choose a betting franchise:
We recommend you to cooperate with companies that have been on the market for more than 5 years, and at least for 2 years, it should be working with franchise agreements.
The history and “path to success” of the firm must be publicly available. The feedback from partners will be really helpful as well.
To make sure that the contract exists not just on paper, we advise you to visit the company as a client before making a purchase. This approach will allow you to form your own opinion about the brand and get a real idea of the quality of business processes.
Before concluding an agreement, it is worth checking the trademark registration certificate. If we are talking about the business on the territory of the Russian Federation, you can request the necessary information from the Federal Service for Intellectual Property.
Remember that the seller must provide a copy of the certificate on your first demand.
A high-quality betting franchise guarantees accompanying support during the registration of legal status, independent monitoring of compliance with the sublicense requirements, and protection against financial risks.
All offers from the seller must be notarized and covenanted. Oral agreements carry no legal weight.
A reliable franchisor with a good reputation is ready to offer not only a basic contract but also the following related services:
Counting on the cooperation with a major international supplier, a beginning investor must confirm that he meets the established requirements.
As a rule, the following clauses can be found in a franchise agreement:
Investors and franchisors have a common goal — profit earning. The seller will not work instead of you but will clearly and easily explain the nuances of the business infrastructure and provide you with the necessary set of tools.
The sportsbook franchise has the following features and benefits:
The Rosloto team will be glad to help you to choose a bookmaker’s office franchise and enter the market with minimum upfront investment.
We cooperate with the world’s leading suppliers and are ready to offer the betting software that can fit every taste. From us, you can order a betting shop and turnkey casino, products for the business scaling, consulting and marketing services, and the development of exclusive content.
Become the owner of a successful and reliable business right now! Contact us:
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