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    Franchises: Growth prospects for entrepreneurs

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    Being a franchisor seems to be a mechanism for growth, but what are the growth prospects for entrepreneurs who are franchisees?

    © BrainMass Inc. brainmass.com December 15, 2020, 6:14 pm ad1c9bdddf

    Solution Preview

    As the problem points out, becoming a company that sells franchises is clearly a revenue-producing function because the franchisee first pays a purchase price for the franchise rights and then pays monthly or quarterly percentage of gross sales to the franchisor. Those monthly payments are a royalty fees, and they often paid over many years, and even over the entire life of the ...

    Solution Summary

    The 238 word solution explains the benefits and examples first to the new franchisee, but also to the franchisor. Further included is a link to the 50 top franchises together with the cost to purchase.