Is Your Business Franchisable?By Bessie E. Prokop 12 months ago
If you own a prosperous business – probably with even much more than one particular spot already – you may perhaps have wondered if your procedure was acceptable for franchising. This arrangement retains that a future franchisee would pay out a rate, and subsequently royalty payments, for the right to operate a business under your title, model, and likeness. In exchange for acting as the franchisor, you have to source the franchisee with the implies, education, and ongoing operational help to replicate your results. Thinking of your situation, does this audio like a possibility? If so, read on. There are precise roles and obligations at stake, both for you as the franchisor and potential franchisees in your technique.
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