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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

If a professional team franchise moves to a new city do the records for that team remain with the city or with the franchise?

The team regardless of any name or city changes is the franchise. The records of that franchise will always follow the team. The City that the franchise played in could only make claim to team records whiles that team was playing for that city.

For Example:

The Atlanta Braves franchise started in Boston in 1871, and went though many name changes. But it is still the same franchise. The team moved to Milwaukee in 1953, and then to Atlanta in 1966. Different cities, but still the same franchise, or team.

The Atlanta Braves franchise won three World Series in three different cities. Boston, Milwaukee, and Atlanta. The Atlanta Braves franchise could hold claim to all three World Series titles but the city of Boston has no claim to the titles won in Milwaukee and Atlanta. (I think that came out right)

Think of the team as a company. If a business moves from one city to another it is still the same company. It just conducts business in a different location.

One time that this did not happen is with the Cleveland Browns football team in 1996. The owner of the Browns announced the team was moving to Baltimore, where it ultimately became the Baltimore Ravens. All players who were on the Browns roster in 1995 went to Baltimore. The Browns, as a team, were deactivated for 3 years then reactivated in 1999 and restocked with players by way of a special draft. Normally, all the past team records of the Browns would have gone with the team to Baltimore, but in this case, the new Cleveland team retained both the team name and all of its records. All of the league championships the Browns won stayed in Cleveland. In contrast, when the Baltimore Colts went to Indianapolis, they took with them all of their previous history.

The Baltimore Ravens started out designated as an expansion team with no history behind it despite the fact that it was an existing team that simply moved to another city. The current Cleveland Browns appear to be a team with championship calibre history behind it despite the fact that the team itself is in reality an expansion team of new players.

How much does it cost to open an Ihop franchise?

Franchise Fee: $40K USD

Investment Required: $3.5M USD.

Meaning of universal adult franchise?

In India, Every adult (whos age is above 18) rich or poor irrespective of their religion caste or education is free to vote.Universal Adult Franchise is based on the concept of equality.

Are dollar stores good franchises?

Depending on how many products you sell a dollar store can be a great franchise, or your worst nightmare. The whole point of a dollar store is to run on the same basis as Wal- Mart does, if you can sell more you can lower your prices and sell even more. If you start a dollar store franchise in a place in need of cheap products, it is a great franchise, but far more risky then opening an LLC.

What is a FDD Franchise Disclosure Document?

The Federal Trade Commission issued a new FTC franchise Rule that became effective in 2007, the first major revision since the Rule was enacted in 1979. That is when the name of the document changed from UFOC (Uniform Franchise Offering Circular) to FDD (Franchise Disclosure Document). An FDD Franchise Disclosure Document is a legally-required document intended to give prospective buyers enough pre-sale information so they can make an informed investment decision before investing large sums of money and making lengthy legal commitments. Sometimes running into hundreds of pages in length, the FDD includes 23 chapters of information, audited financial statements and copies of all contracts. However, there are significant topics and areas of financial concern that are not disclosed in an FDD. Due principally to the influence of the strong lobby by franchise companies and their associations, critical disclosures are either not required or are substantially watered down.

Is Dick's Sporting Goods a franchise?

I am a economics professor at Harvard University, according to my research the amount needed to purchase a dick's sporting goods store would be approximately thirty dollars per square foot. Thgank you so much, Benjamin Friedman

What are aims and objective?

+A aim is a long term target. something that you may want to aspire to...

+For example,your aim could be to leave school with 10 GCSEs at Grade C or better.

+A objectives are smaller,short term targets that help you to achieve your aim...

+Terefore, if your aim was to pass your GCSEs,your objective would be shorter

term targets to get you there. For example:

+Attending revision lesson.

+Arriving to school on time.

+Always trying your hardest

+Completing your homework.

What support will franchiser give to the franchise?

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.

Which is it better to buy a service franchise or a store franchise?

Before consider which is better, you have to understand the difference between service and store franchise. The difference is ownership of the company. In my point of view, service franchise is better to earn huge revenues than store franchise. You can even consult about this topic with some experienced franchise business owners.

How much does a WNBA franchise cost?

well the intial fee is around 10 million I bet the real cost is more like 25 million but thats because its alot more expensive than what they ask for. I think salary cap is around 100 thousand so pay roll is around 1 million just for the players.

What is the difference between Franchise deductible amount threshold and annual aggregate according to insurance policies?

Let's say a policy has a 10% deductible. That means that losses less than 10% are not paid. Further, if a loss is greater than 10%, it is reduced by the amount of the deductible. (ie the insurer pays 15% if the loss is 25% of the limit)

If a policy has a 10% franchise deductible, that means that losses less than 10% are not paid (same as above). However, if the loss is greater than 10%, it is as if the deductible did not exist. (ie the insurerer pays 25% if the loss is 25% of the limt).

Public limited company would change to a franchise?

A public limited company might want to change to a franchise business because they want to invest in more money and gain more profits.

Extending the franchise in the US meant WHAT?

"Extending the franchise" in the U.S. meant giving more people the right to vote.

How much is a Nando's franchise?

Establishment Costs Approximately R 2 850 000 Plus VAT

How much will it cost to franchise 7 eleven?

The average is approximately $70,000, depending on the store's gross profit, but that may vary significantly....it depends on the area.

How much does a rita's franchise owner make?

What little is left over after the CEO rakes you over the coals. Stay away from this Franchise!