On an ongoing basis, franchisees are typically required to make regular payments to their franchisor. Depending on the specific franchise system, these may include royalties, advertising fund contributions, rent under a sublease arrangement, etc.
By Karen Weldman
Q: What factors should a prospective franchisee consider when comparing various food-service concepts? A: The location for your franchise is a key factor. Choosing the optimal space will depend on the specific menu and the daypart(s) when the business generates the majority of its sales.
By Allan D.J. Dick
Franchising is one way of many by which a business can expand. The key ingredient the business must have before its founder can consider expanding it through franchising is what someone else would want to license for use in the operation of an independently owned business.
By Alex Porter
Q: What online resources have proven most useful for franchise systems’ location-specific marketing efforts and why? A: Google is still the most effective option for location-specific marketing, as it dominates online searches with more than 63 per cent market share and mobile searches with almost 95 per...
By Steven Kramer
Q: What management problems do you see with multi-unit franchise ownership? A: With multi-unit franchising scenarios, franchisors will often reduce the fees and royalties for the franchisee, who can also save further money by employing fewer ‘back-of-house’ managers to oversee operations.
By Jon Dwoskin
Q: How do you know when the time is right to leave a corporate job and buy a franchise? A: If you have the appetite to be an entrepreneur, but you do not want to take on the full risk of starting from scratch, then the franchise...
By Peter Snell
It is not unusual for someone who is looking to buy a franchise to initially feel overwhelmed when presented with a huge disclosure document. While the following information can serve as a general overview, prospective franchisees must also seek their own legal and accounting advice when reviewing...
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