West Sanitaon Services Inc Franchise Costs Fees for 2018 nd Retrieved from

West sanitaon services inc franchise costs fees for

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West Sanita±on Services, Inc Franchise Costs & Fees for 2018. (n.d.). Retrieved from h²ps:// West Sanita±on: UFOC. (n.d.). Retrieved from h²p://
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12/21/2018 Week 3 Learning Activity: The Franchise Agreement and Franchisee's Perspective - BMGT 302 7980 Franchising (2188) 7/18 1 Unread 1 Replies 5 Views Last post November 11 at 8:10 PM by Tyrece Thompson less Week 3 - Krystal O'Hara Krystal O'hara posted Nov 8, 2018 10:00 PM Subscribe In general, the FDD appears to be in the best interest of the franchisor, compared to the franchisee. However, there are some benefits; one being a turnkey solu±on to opening your own business, such as standard, well developed, and tested design and marke±ng guidelines. While this holds true for many franchises this is a large benefit to the franchisee. At YogaFit this is called their YOGAFIT GO FAST Kit, and it provides “interior branding items, cubbies and cabinets, flooring materials, studio equipment, marke±ng and promo±onal items and an ini±al invento1y of access cards” (YogaFit Franchising LLC, 2018). A disadvantage to this type of solu±on is that the franchisor requires a minimum amount spent of marke±ng – “at least 2% of gross revenues” and on the grand opening, specifically, YogaFit requires the amount is $4,000 is spent (YogaFit Franchising 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 discounts due to large volume purchases, and training programs for that specific business. Another benefit is that there is no minimum liquid, or other, asset requirement to the franchisee. Although, the FDD does state that the franchisee will to meet the requirements as determined by the franchisor, these are not specifically outlined. Some of the key requirements are the same as the benefits. For example, the franchisee is required to use marke±ng materials that “meet out standards” (YogaFit Franchising LLC, 2018). Further, there are specific financial requirements such 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±al franchise fee and royalty fees of 5% of the annual gross revenues (YogaFit Franchising LLC, 2018). References Small Business Notes. (n. d.). Components of a typical franchise system. Retrieved from h²ps://web.archive.org/web/20150910155741/h²p://m.smallbusinessnotes.com /star±ng-a-business/components-of-a-typical-franchise-system.html
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12/21/2018 Week 3 Learning Activity: The Franchise Agreement and Franchisee's Perspective - BMGT 302 7980 Franchising (2188) 8/18 2 Unread 3 Replies 9 Views Last post November 11 at 3:58 PM by Krystal O'hara YogaFit Franchising LLC. (2018). YogaFit Franchise Disclosure Document – 2018V1.
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