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?
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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.
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 ...
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