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Is the franchisee required to purchase equipment and supplies from the franchisor or other suppliers?
Wiki User
∙ 12y ago
yes
Wiki User
∙ 12y ago
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Do franchise charge franchise fee and transfer fee when buying existing franchise business?
Buying an existing franchise has many benefits. However, there are many things you must consider before accepting the purchase. Some franchises require that the franchisee pays a transfer fee, which is often about $10,000 or more, but this can vary. In most cases, the current franchisor pays the transfer fee. However, this is something that must be negotiated before signing any final legal documents. While franchisors don't charge you to pay a new franchise fee, they most likely will charge you a transfer fee to either you as a new franchisee or to the selling franchisee. Make sure you have this clear in the franchise agreement with both parties. Sometimes, the selling franchisee will include the cost of this transfer fee within the sale price of the franchise. In any case, look for negotiation tactics, and if the fee is non-negotiable due to the prior franchise agreement, make sure you understand who is responsible for paying such fee.
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.
Is there a word for the process of selecting office equipment?
Buying or procuring equipment - If you are responsible for determining what equipment or supplies to purchase (obtain or procure), you are responsible for equipment procurement or supply procurement. That also applies to financial procurement!
Is purchasing restrictions an advantage of franchises?
Purchasing restrictions is a disadvantage of a franchise operation because it limits or dictates what the franchisee can purchase and, therefore, can sell.In a non-franchise business, the owner could buy and sell whatever they please, and would be free to find better pricing on products.
What is non-tender process?
Is a way of acquiring resources. It includes simply contracting a supplier for goods or services. The tender process requires a supplier to contact an organisation but the non-tender process involves the organisation contacting the supplier. The non-tender process includes using a purchase order form or asking for quotes from a number of suppliers. Resources purchased using the non-tender process include products that have been discounted or equipment leased for a short period of time.
Is the franchisee required to purchase equipment and supplies from the franchisor and other suppliers?
yes
Where can one purchase tree climbing equipment?
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What is the price at which consumers will purchase the same quantity of a product that suppliers will produce?
The equilibrium price is the price at which consumers will purchase the same quantity of a product that suppliers will produce.
