General Business BUS206 Lecture Notes - Lecture 7: Floor Plan, Franchising

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5 Jun 2018

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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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