Franchises
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  • 1. FRANCHISES
  • 2. FRANCHISES A franchise is a contractual agreement to sell a company’s products or services in a specific geographic area
  • 3. EXAMPLES?
  • 4. Advantages
  • 5. Advantages Franchisee can rely on good name and expertise of the parent company Franchisee can get needed guidance in operating the business from franchisor
  • 6. Disadvantages
  • 7. Disadvantages Some franchisors are strict about how the business is run Franchise is limited in what products or services can be sold Franchise must operate like every other franchise Royalty fees