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The Article Franchise Opportunity Frequently Asked Questions
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Query: What is franchising? Answer: Franchising is exactly where you get the rights to a business concept, trademarks & know how. In return you pay a franchise fee and a percentage of your profits. Query: What is a franchise? Answer: A franchise is, in its easiest terms, an agreement between the franchisor and the franchisee, wher.. In the Franchise Business the most typical concerns we get asked by men and women hunting for a franchise chance are covered in this list. Question: What is franchising? Answer: Franchising is exactly where you purchase the rights to a enterprise concept, trademarks & know how. In return you pay a franchise fee and a percentage of your income. Question: What is a franchise? Answer: A franchise is, in its simplest terms, an agreement amongst the franchisor and the franchisee, whereby the franchisee has the rights to use the logos and trademarks of the franchisor and the ability to marketplace the franchisors items. Both events commit to a legal agreement which protects each their interests. The franchisee usually pays an initial franchise fee and ongoing royalty payments. Question: Is it far better to buy a franchise opportunity or commence my personal organization? Answer: Based on the surveys carried out by the US Department of Commerce & NatWest/BFA, the majority of franchisees are still trading profitably immediately after five years. Everybody knows that the majority of men and women who start out in business on their own, I am sad to say, end up failing within the first 3 years. When you buy a franchise organization, in return for a franchise fee, you get instruction and ongoing support. You also advantage from the information that the franchisor has picked up over many years. Question: How much does a franchise business cost? Answer: There are no fixed prices for a franchise chance. Dependent on your spending budget there are franchises to suit most folks ranging from only a few thousand, to over a million. Question: What's the first step to acquiring a franchiser? Answer: Do a search on the net for the following: "franchise", "company franchise" & "franchise chance". You will find a wealth of material on the internet. We found out about [http://www.blimpie.com/own_a_store/own_a_store.html patent pending] by searching Yahoo. You can also buy magazines that specialise in franchises and of course, you really should attend franchise exhibitions where you can meet the franchisors or their agents and ask concerns. At the exhibitions, in some cases you will also be in a position to touch and feel the items that type the cornerstone of the franchise! Query: How do I raise the funds essential to get the franchise? Answer: Most banks have special units set up to help possible franchisees. In many circumstances the franchisor has accomplished the tough function for you and arranged specific terms with lending institutions! Question: Which franchise is appropriate for me? Answer: The finest franchise for you is not necessarily the company that makes the most funds! Purchase a franchise which suits your life-style and is fascinating to you. If you like the goods that you are advertising, then you are much a lot more most likely to take pleasure in your operate! Query: Can I sell my organization when I want to move on? Answer: If your franchise organization is trading profitably, then you really should be in a position to sell it like any other business. [http://www.blimpie.com/own_a_store/own_a_store.html Rate Us Online] includes extra info about when to do it. Your franchise agreement will go into detail the processes that are involved in selling the organization. Unfortunately, if your enterprise is not generating a profit, then it will be tough to discover a buyer. Lastly, usually take legal suggestions prior to signing any franchise agreement. Your lawyer has to make certain that the agreement is fair for each parties. Your accountant will aid in evaluating the profit possible of the franchise chance.
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