Can franchising be a viable side hustle? | Money Talks ft Lush Singapore's Nafees Khundker

Franchising promises a head start with a proven brand. But is it really easier or cheaper than building a business from scratch? From royalty fees to brand restrictions, there’s more than meets the eye. Nafees Khundker, the franchisee of Lush in Singapore, unpacks what aspiring franchisees need to know. 00:54 Why franchising over starting fresh 03:18 A costly, memorable mistake 04:24 Franchising a business vs. building from scratch 05:28 Is franchising cheaper, especially in Singapore? 07:01 How much do franchise fees cost? 08:54 Big brands can lower your rent 11:28 Strict marketing rules for franchisees 12:50 Why LLCs are better for franchising 14:49 Lush’s unique partnership model 16:54 Biggest risks in franchising deals Subscribe to our channel here: https://cna.asia/youtubesub Visit our website: https://cna.asia Download our app: https://cna.asia/app Get our editors' picks of stories via chat apps: Telegram: https://cna.asia/telegram WhatsApp: https://cna.asia/whatsapp Follow us on these platforms:   / channelnewsasia     / channelnewsasia     / channelnewsasia