Rowan and Teegan are very excited to be opening their own business after purchasing a Pinot$$s Palette franchise. Although they get many benefits from the arrangement, what do franchisees typically have to pay to the franchisor?

One$-$time franchise fee

Monthly royalties based on sales

Nominal fee for business knowledge

Approximately half of the franchise's profits each month

One$-$time franchise fee and monthly royalties based on sales