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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 money
- And the chance of the business failing is reduced as the business will already have a Trade Record set up
These are just a few of the advantages, hope they helped :)
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∙ 13y ago
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Where to find Franchisee marketing help?
There is a new company called IntriMarketing which builds LSM or local store marketing plans inside the franchisee operation and also provides implementation. www.intrimarketing.com
Why is a franchising such a fast growing form of retail organizations?
Franchising also allows for increased distribution of a product. Franchisee's money expands the business while the franchisor collects initial fees and royalties, creating a successful business for the franchisee and brand expansion for the franchisor
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Advantages:You get the reputation of a major brand.You benefit from the brand's advertising and get their business.Disadvantages:Must pay franchise license fees.Despite owning the stores yourself, you have to do things the way the corporate office says. If you refuse to comply with their standards, they could take your franchise license and any signage with their name on it.
What does the franchise arrangement provide the franchisee with that is one reason they are so popular?
One reason franchises are so popular is because they are provided with an established business plan.
What is first step in franchising a business?
The first step in franchising a business is identifying what areas your business can branch out into. You need to remember that you are selling opportunity to any potential franchisee.
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A Jazzercise Franchisee is where you do upside down pushups while yelling Im Gay! and listen to hanna Montana while doing it!
What are the Disadvantages of master franchisee?
you should know
What is the Buyer of the franchise called?
He is called a franchisee.
