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West Sanita±on Services, Inc Franchise Costs & Fees for 2018. (n.d.). Retrievedfrom h²ps://West Sanita±on: UFOC. (n.d.). Retrieved fromh²p://
12/21/2018Week 3 Learning Activity: The Franchise Agreement and Franchisee's Perspective - BMGT 302 7980 Franchising (2188)7/181Unread1Replies5ViewsLast post November 11 at 8:10 PMby Tyrece ThompsonlessWeek 3 - Krystal O'HaraKrystal O'hara posted Nov 8, 2018 10:00 PMSubscribeIn general, the FDD appears to be in the best interest of the franchisor,compared to the franchisee. However, there are some benefits; one being aturnkey solu±on to opening your own business, such as standard, well developed,and tested design and marke±ng guidelines. While this holds true for manyfranchises this is a large benefit to the franchisee. At YogaFit this is called theirYOGAFIT GO FAST Kit, and it provides “interior branding items, cubbies andcabinets, ﬂooring materials, studio equipment, marke±ng and promo±onal itemsand an ini±al invento1y of access cards” (YogaFit Franchising LLC, 2018). Adisadvantage to this type of solu±on is that the franchisor requires a minimumamount spent of marke±ng – “at least 2% of gross revenues” and on the grandopening, specifically, YogaFit requires the amount is $4,000 is spent (YogaFitFranchising LLC, 2018).Other benefits to the franchisee are the help on site selec±on, a list of pre-approved vendors who are familiar with the business and offer pricing discountsdue to large volume purchases, and training programs for that specific business.Another benefit is that there is no minimum liquid, or other, asset requirement tothe franchisee. Although, the FDD does state that the franchisee will to meet therequirements as determined by the franchisor, these are not specifically outlined.Some of the key requirements are the same as the benefits. For example, thefranchisee is required to use marke±ng materials that “meet out standards”(YogaFit Franchising LLC, 2018). Further, there are specific financial requirementssuch as those discussed in Small Business Notes (n.d.) – ini±al franchise fees,royalty payments, and adver±sing fees. At YogaFit these include a $25,000 ini±alfranchise fee and royalty fees of 5% of the annual gross revenues (YogaFitFranchising LLC, 2018).ReferencesSmall Business Notes. (n. d.). Components of a typical franchise system. Retrievedfromh²ps://web.archive.org/web/20150910155741/h²p://m.smallbusinessnotes.com/star±ng-a-business/components-of-a-typical-franchise-system.html
12/21/2018Week 3 Learning Activity: The Franchise Agreement and Franchisee's Perspective - BMGT 302 7980 Franchising (2188)8/182Unread3Replies9ViewsLast post November 11 at 3:58 PMby Krystal O'haraYogaFit Franchising LLC. (2018). YogaFit Franchise Disclosure Document –2018V1.