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A franchise is a small business, which operates under the name of a larger corporation ie. many McDonalds restaurants are owned by a local company (known as the franchisee), which often will own several restaurants in an area. The franchisee operates the restaurant with the benefit of advertising and name recognition from the franchisor (for example the main McDonalds Corporation). The franchisor will receive payment from the franchisee in accordance with the franchise agreement.
Your question in general, equates to a single Franchise, whereas Franchise programs are all different. It depends on what kind of Franchise are you interested in? A Business Franchise, a Restaurant Franchise, or a Work from Home Franchise? Then you will have a totally different question, such as "How much does it cost to own a McDonald's Franchise?"
Wiki User
∙ 11y ago
Wiki User
∙ 6y agoA business franchise is when the owner sells the rights to their name, company logo, and business model to the third party often referred to as "franchises." In exchange for gaining the franchise, including its trademarks and processes, and proprietary knowledge, the franchisee must pay the franchisor an initial start-up, royalty fees, and in most cases, annual licensing fees.
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Is ShopRite a private business or franchise?
private business
How do you use business franchise in a sentence?
The business franchise is run by a local family, but the main business started in Kentucky.
What is the largest business franchise in the year 2011?
A franchise called 'Unishippers' won the Business Franchise Award for 2011. It is a business that packs up your items to be shipped and then ships them our for you.
How do you open a business franchise?
To open a business you will first need to obtain a business license. Then you would have to obtain a space and then purchase the franchise that you are interested in.
What royalties do you have to pay as a franchise owner?
Depends on the franchise business that you buy into.
Is ShopRite a private business or franchise?
private business
PCD Pharma Franchise Business?
PCD Pharma Franchise Business
How do you use business franchise in a sentence?
The business franchise is run by a local family, but the main business started in Kentucky.
Do I need a business plan to start a franchise?
You should have a business plan as it will greatly help you in starting a franchise. You should start a small business first and then expand to a franchise.
What is the largest business franchise in the year 2011?
A franchise called 'Unishippers' won the Business Franchise Award for 2011. It is a business that packs up your items to be shipped and then ships them our for you.
Where can one find information about buying a franchise business?
One can find information about buying a franchise business from the following sources: Franchise Direct, Chips Away, Entrepreneur, Business For Sale, Small Business Administration.
How do you franchise a business?
a franchise is a chain of businesses linked togethter there can be a 1-20 owners of a franchise.
Is nandos a franchise business?
no
How do you open a business franchise?
To open a business you will first need to obtain a business license. Then you would have to obtain a space and then purchase the franchise that you are interested in.
What royalties do you have to pay as a franchise owner?
Depends on the franchise business that you buy into.
is Wawa a franchise?
WaWa is not a Franchise. I have talked with them about Franchising their business in the past.
Sample of letter of intent to franchise?
yes I want to franchise a business
