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.
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.
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.
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.
paid a deposit to the franchisor
In return for a fee to a franchiser, a business owner receives the right to operate a business using the franchiser's established brand, business model, and support systems. This typically includes access to marketing materials, training programs, and ongoing operational assistance. Additionally, the franchisee benefits from the franchiser's reputation and customer loyalty, which can lead to a higher likelihood of success compared to starting an independent business.
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 :)
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.
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.
Limited Liability because the franchisee just looses the money invested. The great loss is the Franchiser's.
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.
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.
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.
paid a deposit to the franchisor
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.
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.
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
In return for a fee to a franchiser, a business owner receives the right to operate a business using the franchiser's established brand, business model, and support systems. This typically includes access to marketing materials, training programs, and ongoing operational assistance. Additionally, the franchisee benefits from the franchiser's reputation and customer loyalty, which can lead to a higher likelihood of success compared to starting an independent business.