Business Franchises by Steven B

Advantages

stevenbalasinga — 2015-02-09 14:09:32 UTC

You can establish yourself with a well-recognized brand right from when you start up the business

Franchisee's are provided with a fully operational facility

Franchisee is provided with rights to a businesses name (eg. McDonalds), as well as its operating procedure and its business expertise and skills

Franchisee can receive assistance from the Franchiser

Consumers are willing to buy a product just because of its brand

stevenbalasinga — 2015-02-09 14:15:03 UTC

You have to pay a franchise fee

You have to pay a monthly fee

You are required to buy goods from the franchiser when existing goods run out

Franchisor sets restrictions upon what a franchisee can do

Franchisor is in charge of what the prices are

Franchisee pays royalties on sales and advertising fees

stevenbalasinga — 2015-02-09 14:17:35 UTC

Franchise Agreement- An arrangement for one business to license the rights to its

name and procedures to another business or person.

Franchisee - A person who runs a franchise operation and is under contract, or licensing agreement, with the franchiser.

Franchiser- The parent company who grants the franchise and provides goods and/or services to the franchisees.

stevenbalasinga — 2015-02-09 14:30:16 UTC

The right or license granted by a company to an individual or group to market its products or services in a specific territory.

Some examples of today's popular franchises are Subway, H&R Block, Days Inn and FedEx

stevenbalasinga — 2015-02-10 13:37:38 UTC

stevenbalasinga — 2015-02-10 13:38:16 UTC