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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.

1,429 Questions

What is the different between Franchising and Private Franchising?

Franchising for example is like the Mc Donalds Corporation. The owner of the corporation has many outlets(Other Mc Donalds) running without him but earning for him. The owners that owns one of those many outlets is an Employee and cannot create his or her own set of outlets.

Private Franchising, you can create outlets and the outlets can create outlets where no one is no body's boss, everyone work together in a partnership

What portion of sales come from franchise businesses?

According to the U.S. Department of Commerce, 40 percent of all retail sales are from franchise businesses

When did franchising grow?

This field grew steadily beginning in the 1960s and was significant in the development of certain consumer-related industries, especially fast food

How do you get franchise of kingfisher mineral water plant?

To get a franchise of Kingfisher Mineral Water plant, you must complete a franchise application form. This form can be obtained via the Natural Spring website in India.

How do you become a franchisee?

Becoming a franchisee - this is a multi-faceted question. The first advice I can provide is consulting with experienced franchise professionals. Depending on where you are located (US or elsewhere), I would suggest starting with a franchise consultant/broker who can provide match-making services that will help match you with appropriate franchises based on your experience, your desires for types of businesses, your financial situation, etc. One of the points you should consider is whether you want a home-based franchise or store based franchise. Once you have narrowed down your search, you should do a lot of "due diligence' or investigation into the franchise. Speak to as many franchisees in the system as you can (at least 10% of a large system) finding out what they liked and disliked about the support and training they received. Also speak to franchisees who have left the system and ask the same questions. I would also suggest that you carefully read the 23 items of the FDD (the disclosure document you will receive from the franchisor). Once you have done that, retain an experienced franchise attorney like my firm, to evaluate the legal documents that you will be required to sign.

What is the role and responsibilities of a business development manager in Retail?

There are many role a BDM can play in an organization, but his primary function among others is, to increase the fortunes of his/her organization, through other roles as generally acceptable.

How much does a subway franchise owner in India earn?

Indian shop owners make 5000 rupees and half of it goes to his snake charming business

How much do Denny's franchise owners earn?

In 2011, there were about 1,386 Denny's franchises in the USA. The average American franchise earned about $85, 000 per year in income.

What is a piggyback franchise?

When two or more franchise operate in one outlet

-By Anubhav Beri (BBA Student)

Is the body shop a franchise?

Yes and no. In some markets like Spain they grand franchise but in he USA THE stores are corporate owned.

Is Avon a franchise?

no, people sign up to sell Avon as independent representatives

How much does it cost to buy H-E-B franchise?

I honestly don't know sorry but that is 8 million dollars that's a lot of money.

What is the advantages of franchise business?

`limited liabilities for owners, transferable ownership, ability to attract capital, long life

How can you become a harbor freight franchise ingrants pass or?

You can't. Harbor Freight does not franchise, and all its stores are corporate.

Why can a franchise be said to be a ready made business?

A franchise pretty much is a ready made business. You buy the franchise and you have a pre existing label ( and hopefully customer loyalty ) and paid for advertising. A franchise owner also has the majority of his or her suppliers lined up; usually from the company the franchise was purchased from.

What is the average Panera Bread franchise net profit?

The average Penera Bread franchise not profit is eight percent. The location of the franchise has a very big effect on the net profit rate.