School project for my marketing class over any marketing topic we choose. I chose "franchising". I hope you enjoy. :)

1. What is
Franchising?
By: Ahmahn Hall

2. Basics of
Franchising……
Franchising is a method in business
that allows distribution of products or
services from a Franchisor.
Essentially allowing another
person(s) to adapt the same
trademark, trade dress, tradename or
more, as another business.

3. The Franchisor
The Franchisor is the
owner of the business.
The one who establishes
the brands trademark,
name and overall, how
the business is to be ran.

4. The Franchisee
The franchisee is the
businessperson who needs
permission from the franchisor.
To be apart of the franchise, they
pay a royalty and often a startup
fee for being able to use the
business name and system.

5. Investing in
Franchising
The initial cost for a franchise depends
on the segment and franchise brand
you’ve chose. Costs can range
anywhere from $10,000 - $5 million.
Typical costs for a franchise would
range around $50,000- $200,000.
Then the franchise fee must be paid,
which alone can run between $20,000-
$100,00.

6. Benefits of
Franchising
Business Assistance
Brand Recognition
Low Failure Rate
Low Risk
Established Customer Base
Own Boss
Higher Profits

7. Challenges with Franchising
Initial Investment
Royalty Payments
Long Contract
Dependent on Franchisor
Fees
Federal and Sate regulation

8. Qualifications for Starting a Franchise Business
A business plan.
Money for startup
Advanced Management skills and experience.
Experienced Accountant.
Regulatory and/or legal requirements (varies on franchisor).

9. Top Franchisors
McDonald’s 7-Eleven Dunkin Starbucks
Planet
Fitness
Dairy Queen Subway

10. The most
expensive
yet
profitable
franchises
to invest in
McDonalds, requires a nonborrowed
$955,000 minimum to even be considered
for a franchise. With a Franchise fee of
$45,000
Pizza Hut, requires at least a $1-$3million
budget and net worth. Plus, the franchisees
must commit to building 3 restaurants over a
3-year time span. With a franchise fee of
$25,000
Wendy’s, requires $2 million alone and a $5
million net worth. With an $40,000 franchise
fee.

11. Conclusion
Franchising is a great
method to guarantee a
successful business. With
the right investment, skills
and requirements anyone
can begin their journey to
starting a franchise !

12. Works cited
https://californiafranchiseattorney.com/most -valuable-food-franchises
https://www.franchise.org/faqs/basics/what -is-a-franchise
https://www.findlaw.com/smallbusiness/starting -a-business/what-is-a-business -franchise.html
https://twinpeaksfranchise.com/blog/5 -requirements-you-need-to-start-a-franchise-business/#0
https://www.nerdwallet.com/article/small -business/advantages -of-franchising
https://www.franchising.com/guides/the_cost_of_opening_a_franchise.html