Question
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.
- What is the name of the franchise?
- What industry is the franchise in?
- How long as the franchise been around?
- What is the franchise fee? How much liquid capital is required?
- What is the initial investment required?
- What is the minimum net worth required to purchase the franchise?
- What fees are collected after the franchise is purchased and how much are they?
- Royalty fee?
- Advertising fee?
- Other?
- What kind of training is provided and where does it take place?
- Why does this franchise interest you?
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