Franchising

Franchising refers to the practice of using a successful business model of another company. For the franchisor, a franchise is a substitute to developing ‘chain stores’ to distribute goods and avoid liability and investment over a chain.

3,325 Questions
Los Angeles Lakers
Basketball History
National Basketball Association (NBA)
Franchising

How many times have the Lakers missed the playoffs in there franchise history?

In Lakers franchise history, the Lakers have only missed the playoffs a total of 5 times.

The first time was in 1957-1958.

The second time was in 1974-1975, and the third was the following year, 1975-1976.

The fourth time was in 1993-1994.

The fifth and only time (as of today) was in 2004-2005.

For more information, visit the Related Link.

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Investing and Financial Markets
Economics
Business and Industry
Franchising

What was the first US franchise in history?

Holiday Inn

285286287
Franchising
Dairy Queen

How much does a licks franchise owner earn?

Nothing...In fact most Lick's franchisees lose money; some go bankrupt.

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Sports
Franchising

Who owns paragon sports?

Paragon Sports International is owned by Dave Penniall.

229230231
Definitions
Synonyms and Antonyms
Franchising

How are the words hiss and hoot similar in meaning?

Hiss and hoot both refer to sounds made by animals. A snake or a cat makes a hiss (a sibilant sound that has an sss sound). People can also be said to make an angry sound called a hiss. An owl makes a hoot (which sounds like "hoo, hoo"); monkeys also have a call that is called a hoot. People can be said to hoot with laughter. So hiss and hoot both describe animal or human sounds, but they are very different sounds and different in meaning.

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Baseball
Franchising

Why do some franchises have higher salaries than other teams?

Generally speaking it is based on the Clubs market. Whether it is a Big market team, such as the Chicago White Sox or the New York Yankees or a small market team such as the Tampa Bay Rays or the Kansas City Royals or something in between. The market is based on the size of the city's population and the teams subsequent fan base.

Big Market cities like Chicago and New York draw lots of fans thus drawing lots of revenue for the team to spend. Whereas, Smaller market clubs draw less and therefore make less money.

A teams relative success of course has something to do with the size of the fan base as well. Therefore a team like the Yankees who have won as many championships as they have also will draw bigger because of it.

209210211
Business and Industry
Franchising
McDonald's

How many McDonald's franchises are in Canada?

3,000,000,000!!

My dad told me.

And he is always right.

He is jesus

195196197
Philippines
Lotteries
Franchising

What is the cost of a Philippine Lotto Franchise?

The cost of Franchise from Application fees to Bonds and others are much lower than fifty thousand pesos (50k). It is not "closed " in Metro Manila. Its just harder to get a good location. But if a new mall is about to open, i am sure a lotto franchise would be available. You may get all the information that you will need including forms about the PCSO Lotto Franchise from this e-book I bought, see below website link: " A Complete PCSO Lotto Franchise e-book ", it cost PHP700 pesos.

193194195
Business and Industry
Franchising
McDonald's

How much is it to buy a McDonald's franchise?

app. $1 million to $6 million . . . depending

Not quite, but closeFigure on needing about $1 to $6 million, plus or minus. Here's the deal:

McDonalds is extremely picky about who they allow to buy franchises--they absolutely do not want a franchisee to fail, only partly because it makes the company look bad if they bring someone in who fails. One of the things you MUST bring to the table is $300,000 of your own money.

The franchise itself costs $45,000. This entry fee gives you permission to build (or acquire) a restaurant, write McDonalds on the side of it and start selling McDonalds food.

The restaurant will cost you anywhere from $1 to $2 million. They would prefer you open several of them. They normally won't sell you a franchise in a town that already has McDonalds restaurants, although I'm sure there are exceptions--can you imagine owning all the McDonalds in Los Angeles?

After that there are operating costs--payroll, utilities, taxes, food, etc...

Here's a 2009 update from Franchise Foundations: Per McDonalds 2009 FDD (a copy of this 375-page treasure trove of McDonalds information can be obtained on the Franchise Foundations website), for a "new McDonalds franchise" the investment is $995,900 to $1,842,700. So, basically a new McDonalds franchise is a $1 million to $1.85 million initial investment.

But the most frequently used method of buying a McDonalds franchise for sale - purchasing an existing restaurant from a current McDonalds franchise owner or one that's company-owned by McDonalds and sold as a "turnkey franchise."

Unfortunately, details about how much this type of McDonalds franchise costs are not specified, other than the following statement by McDonalds: "The purchase price of an existing restaurant varies and is dependent upon a number of factors including sales volume, profitablity, occupancy costs, reinvestment or improvement needs, competition and location."

Here, you're looking at a likely $2 million to $6 million range, plus or minus, depending on their sales, profit margins, etc. of the particular location up for sale.

The 375-page McDonalds FDD also includes detailed information about financial results for McDonalds restaurants that hit three different sales levels - $2 million, $2.2 million and $2.4 million, showing cost of sales, gross profit and operating profit for a McDonalds restaurant at each level. Operating profits are in the mid six figures for each sales level. This is contained in Item 19 of the FDD.

The McDonalds FDD has a list of McDonalds franchise owners - their names, addresses and phone numbers. Also attached as an exhibit to the FDD is the actual 15-page McDonalds franchise agreement. The McDonalds franchise contract is a work of art, significantly smaller (and fairer) than most other franchise agreements used in the franchise industry. Makes one wonder why other franchise companies such as In&Out Burger, Elevation Burger demand 50-page or 100-page franchise agreements, when McDonalds only requires 15-pages, while those companies are much smaller and cheaper to own has also enjoyed significant success.

You can compare the differences in the franchise agreement by visiting the Franchise portal attached under related links below, and requesting more information from them to view an actual sample, so you can clearly see what I mean, and you might as well spot a potential Franchise opportunity that's right for you especially if you're on a lower budget.

737475
Business and Industry
Fast Food
Franchising
Burger King

How much is Burger King worth?

43.6 billion

161162163
Sports
Baseball
Franchising

Which sports franchises have called three different cities home?

The Atlanta Braves have been in Boston and Milwaukee.

AnswerI can name one: The New Jersey Devils (NHL) were formerly the Colorado Rockies and previous to that the Kansas City Scouts.

Of course, there's nothing in the question about how successful they were (Kansas City and Colorado not so much)...hockey fans will know what I'm talking about.

AnswerThe Oakland Athletics were in Philadelphia first, then Kansas City in 1955, and then Oakland in 1968. AnswerThe Baltimore Orioles began play in Milwaukee in 1901, moved to St. Louis in 1902 and to Baltimore in 1954. Answer
  • Carolina Hurricanes (NHL) were originally called the New England Whalers (WHA) and played in the Boston Garden however they wanted to create an identity for themselves and not live in the shadow of the NHL's Bruins. They would move from Boston to Springfield, CT to to Hartford, CT where they would be renamed the Hartford Whalers and absorbed into the NHL. In 1994, they relocated down to Carolina.
  • The Dallas Stars (NHL) also have an interesting history. The California Golden Seals relocated to Cleveland following financial trouble. After 1 year of Cleveland, the franchise merged with the Minnesota North Stars, which would later relocate to Dallas.
  • In 1972, Kansas City would be awarded an NHL expansion franchise. It would last only 2 year relocating to Denver for a short period of time before finally coming to its current location of New Jersey. The team is now known as the New Jersey Devils.
  • Finally, the Quebec Bulldogs joined the NHL in 1919. They would relocate to Hamilton in 1920 and then New York in 1925.
AnswerThe NFL Rams originated in Cleveland (1937), then moved to Los Angeles in 1946, and then to St. Louis in 1995.
161162163
Auto Parts and Repairs
Salary and Pay Rates
Business and Industry
Franchising

How much does a Subway franchise owner earn?

And in the UK

We have 83-90% of all sales are VATable, leaves.

Royalty at 12.5-13.5% (depending on location in UK)

Food costs are now 30-33%

Vat on sales account's for about 17.5% of all sales (average 85%of sales hot or eat in HMRC investigation 2009 BTW Subway lost the appeal)

Labour costs around 22-28% (excludes holiday and sick entitlement)

Breakdown:

30-33 % Food Gross Sales

24% Labour Gross Sales

17.5 % to HMRC Grosss Sales

12.5 % to Subway Gross Sales

£400- £600 a month utilities

High Street Rent average £1700 PCM (waste disposal, accountancy, insurance, repairs wear and tear e.t.c)

Oh and the average Subway store sales are around £5500.00

Here's the breakup:

--------------------------------------------------------

Royality + marketing = 12.5 % of gross sale

Food Cost = 28 to 31 % of gross sale

So the average 40 % of gross sale is gone for above too.

Rest 60 % of gross sale is spent on :

Rent, Electricity, insurance, garbage, telephone , accounting,employee's salary, misc).

------------------------------------------------------------------------------------------------

Here's the example:

If you have Subway of $1000 (365k yearly) as an average sale per day, Here's the breakup:

40% of 365k for Royality and food : 146,000

4000 average rent for 12 months : 48,000

Electricity, insurance average for 12 months(1400*12) = 16,800

Garbage, telephone , accounting misc for 12 months(500*12) = 6000

Employee's salary for 12 months ( 5000*12) = 60,000

Sale Tax(NY) 8.5% on gross sale = 29,200

Net profit before tax = 59000

(365000- (146,000+48,000+16,800+6000+60,000+29,200)

--------------------------------------------------------------------------------------

Your profit can increase or decrease by Rent and Employee's salary.

The average selling price of SUBWAY with above gross sale is 200k+.

Experience shows that leaving your job and investing in SUBWAY with

similar sale is advisable if you also plan to work in store and save salary

expense. Owners of Subway with sale below 300K yearly are not making deserving profit and their are tons of them available in market.

See the following article. Gives a good backdrop and analysis on Subway: http://thefranchisehound.com/?p=266

828384
Super Bowl
Franchising

What football franchises have won the Super Bowl without losing a conference championship game?

I would guess all of them since to make it to the Super Bowl a team has to win its conference championship game.

153154155
Job Applications
Franchising
Letters Notes and Memos

Sample letter of intent for opening a lotto outlet?

ask for sample letter of intent to apply LOTTO outlet?

147148149
Franchising
Applebee's Neighborhood Grill and Bar

How much does an Applebee's franchise cost?

About 4% in royalties, over 4% for advertising, a start up cost of $40,000, and a total cost of $1,000,000.

146147148
Business and Industry
Hotels and Lodging
Franchising

What is a franchise hotel?

a franchise hotel is one of a thousand hotels.

for example: there are a long line of holiday inns in each area of a state. the one u go to is known as a franchise hotel.

145146147
Football - American
Super Bowl
Franchising

What NFL franchise holds the record for most Super Bowl wins?

Pittsburgh steelers

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Philippines
Franchising

What is the cost of a Mercury Drug franchise in the Philippines?

You'll need at least 300,000 php and a store location for this franchise.

888990
Baseball
Philadelphia Phillies
Franchising

How many games have the Philadelphia Phillies lost in their franchise history?

THE PHILADELPIA PHILLIES HAVE LOST CLOSE TO 10,000 GAMES IN THEIR 123 YEAR HISTORY.THEY ARE THE LOSINGEST TEAM IN PROFESSIONAL SPORTS HISTORY. I HAVE BEEN A PHILLIES FAN FOR 45 YEARS AND WILL ALWAYS LOVE THEM! ----
MY PHILLIES HAVE LOST 9,978 GAMES SINCE TUESDAY, MAY 1, 1883 WHEN THEY LOST 4-3 TO OL HOSS RADBOURN OF THE PROVIDENCE GREYS RECREATION PARK PHILADELPHIA. THE PHILLIES HAVE LOST MORE GAMES THAN ANY OTHER TEAM IN THE HISTORY OF PROFESSIONAL SPORTS!!!!! I HAVE BEEN A PHILLIES FAN FOR 47 YEARS AND WILL ALWAYS LOVE THEM!!!!!!! ----
As of July 30, 2007 the Phillies all time record is 8820-10004.

103104105
Franchising

How does goal setting affect trainee learning and motivation?

ni pta.........

100101102
Small Business and Entrepreneurship
Franchising

What is franchising?

Franchising refers to the methods of practicing and using another person's philosophy of business. The franchisorgrants the independent operator the right to distribute its products, techniques, and trademarks for a percentage of gross monthly sales and a royalty fee. Various tangibles and intangibles such as national or international advertising, training, and other support services are commonly made available by the franchisor. Agreements typically last from five to thirty years, with premature cancellations or terminations of most contracts bearing serious consequences for franchisees.

100101102
Restaurants and Dining Establishments
Franchising

Cost of a chipotle Mexican grill franchise?

As of 2014, the cost to start a Chipotle Mexican Grill franchise is $60,000. Chipotle has over 1200 stores throughout the United States.

99100101
Franchising

Where do you buy a Sally Beauty franchise?

Sally Beauty Supply's are all corporately owned.

99100101
Law & Legal Issues
Philosophy and Philosophers
Franchising
The Difference Between

What is the difference between a revoked license and a suspeneded license?

*Suspended means not aloud to drive on your licence for a certain reason until that reason is fixed (ex.unpaid tickets) or until the date that you were legally given. You technically still obtain a licence it is just suspended.

*Revoked is having no licence whatso ever for a certain amount of time due to criminal charges or infractions against you. Being revoked you have no licence at all.

383940
Business and Industry
Sales and Customer Service
Business Networking
Franchising

What is the relationship between purchasing department and stores department?

i dont no it.

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