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