General Business BUS206 Lecture Notes - Lecture 7: Floor Plan, Franchising
Drawbacks of Franchising
Franchise fee
Franchisor control
Royalties
Advertising fee
Lack of goodwill equity
Personal requirements
How Do I Choose a Franchise?
The process
⚫ Comparing franchise data
⚫ Information kits
⚫ Conditional offers
⚫ Fees
How Do I Choose a Franchise? cont’d.
Assessing the franchisor
Assessing the opportunity
Buying an existing franchise
How Can I Finance a Franchise?
Financial requirements
⚫ Minimum cash equity
⚫ Total start-up costs
⚫ Franchise fee
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