0
Becoming a franchisee - this is a multi-faceted question. The first advice I can provide is consulting with experienced franchise professionals. Depending on where you are located (US or elsewhere), I would suggest starting with a franchise consultant/broker who can provide match-making services that will help match you with appropriate franchises based on your experience, your desires for types of businesses, your financial situation, etc. One of the points you should consider is whether you want a home-based franchise or store based franchise. Once you have narrowed down your search, you should do a lot of "due diligence' or investigation into the franchise. Speak to as many franchisees in the system as you can (at least 10% of a large system) finding out what they liked and disliked about the support and training they received. Also speak to franchisees who have left the system and ask the same questions. I would also suggest that you carefully read the 23 items of the FDD (the disclosure document you will receive from the franchisor). Once you have done that, retain an experienced franchise attorney like my firm, to evaluate the legal documents that you will be required to sign.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Is Nike a franchisee?
Yes.They are a franchisee.
One reason franchises have become so popular is that this arrangement provides the franchisee with?
A nationally recognized name and product.
In what way is a franchisee's control over the business greatly reduced?
The answer is between the following answers: Most franchisers are located near the franchisee. The franchisees are technically employees of the franchiser. The franchisee is bound by the terms the franchise contract. The franchisee is completely dependent on the franchiser for funding.
If you are a franchisee in one concept can you buy another franchise?
When you become a franchisee, one important obligation that you (as the franchisee) undertake and agree to is a restrictive covenant that, depending on the terms of your franchise agreement, will restrict you from purchasing and/or operating other types of businesses. It is possible for a franchisee of "one concept" to purchase another franchise concept however the only way to determine whether or not this is possible is to examine and evaluate the terms of your franchise agreement. If you are purchasing a franchise and have not yet signed a franchise agreement you should discuss with your franchise lawyer your future business plans and the types of restrictions and "restrictive covenants" contained in your franchise agreement.
What is the buyer of a franchise called?
He is called a franchisee.
Where can one become a franchisee for Wendy's?
One can become a franchisee for Wendy's via a number of sources. Such sources include: the direct Wendy's website, in addition to other franchisee linking websites and stores.
When did Ray Kroc become the first franchisee appointed by mac and Dick McDonald?
1948
Is Nike a franchisee?
Yes.They are a franchisee.
What is the definition of franchisee?
hey what does What is the definition of franchisee?
What is franchisee?
A person or company who has paid to become part of an established franchise business. Enabling them to use their name and products.
One reason franchises have become so popular is that this arrangement provides the franchisee with?
A nationally recognized name and product.
How can you get the franchisee of KFC?
KFC franchisee in Logan Utah, there is already one. Can another be obtained.
Who is the franchisee of MacDonald's Singapore?
The franchisee of McDonald's Singapore is Ray Krock the founder of McDonald.
In what way is a franchisee's control over the business greatly reduced?
The answer is between the following answers: Most franchisers are located near the franchisee. The franchisees are technically employees of the franchiser. The franchisee is bound by the terms the franchise contract. The franchisee is completely dependent on the franchiser for funding.
A person who buys a franchise?
franchisee
What are the advantages for a franchisee?
The advantages to the franchisee are:The franchiser does all of the advertising nationally, which will save the franchisee money and time.The franchiser does all of the training and administration, which also saves the franchisee time and moneyAnd the chance of the business failing is reduced as the business will already have a Trade Record set upThese are just a few of the advantages, hope they helped :)
Which websites offer franchisee applications for ITC Choupal?
Answering "Which websites offer franchisee applications for ITC Choupal and Reliance Fresh and Subhiksha
