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The level of support given by a franchisor to its franchisees differs between franchisors and franchise systems. The relationship between a franchisor and its franchisees, including the level of support to be provided to is franchisees, is primarily governed by the terms of the franchise agreement. The franchise agreement should contain specific sections whereby the franchisor's "support" obligations are identified and defined. Typically a franchisors "support" obligations relate to (a) initial training and (b) ongoing support respecting the day-to-day operations of the franchise business, including administrative activities, marketing and management. When entering into a franchise relationship, prospective franchisees must recognize that the terms of their franchise agreement may be "broadly" drafted and that the franchisor's on-going "franchisee support" obligations may not be clearly defined. Accordingly, prospective franchisees must reach potential "franchise opportunities" and engage in a detailed due diligence investigation that should include contacting and speaking with existing franchisees to inquire as to that franchisees satisfaction with the level of support and training that has been provided by the franchisor.
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What franchise opportunities are there besides fast food?
You can be a franchise owner of a haircutting place such as Supercuts or you can be a franchiser for gas stations. These are generally more expensive than a fast food franchise.
What is a franchise agreement?
The franchise agreement is the cornerstone document of the franchisee--franchiser relationship. It is this document that is legally binding on both parties, laying out the rights and obligations of each.
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 franchise fee is a continuous fee paid by the franchiser usually based on a percentage of the franchisee’s gross revenue. True or false?
paid a deposit to the franchisor
What are disadvantages of franchising?
Franchiser
What is a franchise type of company?
A franchise is a right sold by one person or firm to another which allows the franchise to make a profit by selling goods carrying the franchiser's name. The reputation on the franchiser is an important element in this transaction. By amelia :)
What franchise opportunities are there besides fast food?
You can be a franchise owner of a haircutting place such as Supercuts or you can be a franchiser for gas stations. These are generally more expensive than a fast food franchise.
What is a franchise agreement?
The franchise agreement is the cornerstone document of the franchisee--franchiser relationship. It is this document that is legally binding on both parties, laying out the rights and obligations of each.
Is franchise limited or unlimited?
Limited Liability because the franchisee just looses the money invested. The great loss is the Franchiser's.
Who owns a franchise?
A Franchise is a business established or operated under an authorization to sell or distribute a company's goods or services in a particular area, and consists of a Franchisor, and a Franchisee, whereas the Franchiser is the company which or person who grants franchises, and the Franchisee is someone who holds a Franchise.
Do Franchisees typically pay the franchiser a monthly or annual fee based on a percentage of sales or profits?
The amount that a franchisee pays to a franchiser varies depending on the franchise. The fees can be monthly or annually. They normally are based off sales, which in turn are based off profits.
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 franchise fee is a continuous fee paid by the franchiser usually based on a percentage of the franchisee’s gross revenue. True or false?
paid a deposit to the franchisor
What does a franchiser do?
Franchise consultant usually assist persons that are interested in buying franchises and also for those who selling them. He helps the buyers or sellers,giving them opportunities and recommendations.
What is franchising agreement?
The franchise agreement is the cornerstone document of the franchisee--franchiser relationship. It is this document that is legally binding on both parties, laying out the rights and obligations of each.
What is the Future Shop franchise fee?
I'm going to do a project on future shop, About franchise I'll get back to this question once I find out. I will e-mail there Website to send me there franchise Give me a couple of days.Thanks you for your support
What does it mean that i need start up capital to start to be a franchisee?
Start up capital is required in almost all new ventures. As a franchisee as apposed to a franchiser you would need capital to buy into the franchise.
