Small_Business__Franchises__Special_Form

Small_Business__Franchises__Special_Form - Franchising •...

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Franchising Advantages Know you are getting a viable business Instant access to a support network (Mgmt, Mktg) Can Enable Rapid Growth Standardization Lowers Risks
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Franchising Purchasing Costs can be HIGH No guarantee of wealth Royalties (create a Partner) Allow very little independence - Stanardization limits flexibility Coat – Tail Effects Due Diligence
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The Franchisor Assigns a market territory Provides training and support May provide advice and financial aid Supplies needed merchandise Gains business expansion using other’s capital
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The Franchisee Pays up-front costs May pay monthly royalties to franchisor Operates by franchisor’s rules Buys supplies from the franchisor or approved supplier Gains instant name recognition
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97 91 91 90 90 62 62 23 23 18 18 0 25 50 75 100 10 Ye ars Independent business Franchised business 5 Y e ar s 1 Yea r Franchise Success Versus Independent Business Success
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Small_Business__Franchises__Special_Form - Franchising •...

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