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Although it can require considerably more money upfront, purchasing a franchise can decrease the risk for the entrepreneur that wants to start a new business.

Although it can require considerably more money upfront, purchasing a franchise can decrease the risk for the entrepreneur that wants to start a new business. The primary reason for this is that most businesses that become franchises do so because they have established a proven business model that works. your objective for this assignment is to find a franchise that you would be interested in purchasing. Either search for a franchise business that interests you OR go to this web site and select a franchise, then answer the following questions. www.franchisegator.com (Links to an external site.) Links to an external site.

  1. What is the name of the franchise?
  2. What industry is the franchise in?
  3. How long as the franchise been around?
  4. What is the franchise fee? How much liquid capital is required?
  5. What is the initial investment required?
  6. What is the minimum net worth required to purchase the franchise?
  7. What fees are collected after the franchise is purchased and how much are they?
  8. Royalty fee?
  9. Advertising fee?
  10. Other?
  11. What kind of training is provided and where does it take place?
  12. Why does this franchise interest you?

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