Sponsored by: By Barbara Beshel CHAPTER 1 1. 2. 3. 4. 5. An Introduction to Franchising What is a franchise? What are common franchise terms? What are the alternatives to franchising? What are the advantages and disadvantages of owning a franchise? What are the legal issues in franchising? WHAT IS A FRANCHISE? A franchise is the agreement or license between two legally independent parties which gives: • a person or group of people (franchisee)
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Franchise My franchise which I chose was Mc Donald’s they sell food to people, they are based in many parts of the country. Franchise is when you use buy the name and products of a large and effective company. The size of this business is large because it has over 250 employees. It is also international according to scale because it is based in many countries like Pakistan, England, France, America and many more. A franchisee is a business or person who has the right to trade as a franchise no one
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Case # 1: A typical education franchise organization had around 80 per cent of its outlets owned and run by the franchisor. The rest were all franchise outlets or “centres”. The franchisor had set up 10 of his centres initially and run them as successful centres before venturing into franchising. The brand name was popularized initially through aggressive traffic – oriented advertising for the franchisor’s centres. Franchise centres were started initially in the territories where these centres
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Easy Internetcafe Franchise Questions: 1. Steps for opening each franchise are as follows: Step A: contract is signed with franchisee Step B: Cafe location is selected either by the franchisee or with Elc assistance. Step C: Broadband internet connection must be established. Each country steps to establishing a connection is different. For example one country might have a long lead time with a requirement of a certain labour union to install compared to countries where the franchisee can install
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issues in Cheung’s development strategy: 1. How does Koyo enter to the Chinese market? 2. How to balance Cheung’s own satisfaction and the profit of the company? Cheung considered to concern more on the Chinese market. He could choose either to franchise or to own its proprietaries directly. Franchising helps to access to the market easily. More information and know-how can be acquired to solve the problems. Direct investment requires more capital and contains more risks but the company can obtain
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Appetea is looking into developing and putting up full-sized dine-in stores. These stores will be offering a wider array of drinks and toppings to choose from. These store will also be offering food to complement its existing beverage lines. Bon AppeTEA is a unique franchise concept bringing the new generation of great tea concoctions at a very affordable price. Bon AppeTEA came from a words combining “bon appetite” which means “good appetite”, and its main product – the Milk TEA. VISION * To maintain a profitable
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Owning a Slice of Domino’s A franchise agreement is an arrangement whereby someone with a good idea for a business (the franchisor) sells the rights to use the business name and sell a product or service (the franchise) to others (the franchisee) in a given territory (ie. Pizza). When it comes to the realm of competitive delivery pizza I know next to nothing; however, after thoroughly researching the industry, I have come to the conclusion (given that I have the means to acquire the necessary capital)
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SCHEDULE C (Form 1040) Profit or Loss From Business OMB No. 1545-0074 2014 (Sole Proprietorship) Information about Schedule C and its separate instructions is at www.irs.gov/schedulec. Attach to Form 1040, 1040NR, or 1041; partnerships generally must file Form 1065. Department of the Treasury Internal Revenue Service (99) Attachment Sequence No. 09 Name of proprietor Social security number (SSN) A Principal business or profession, including product or service (see
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as well as the annual fees. Various tangibles and intangibles such as national or international advertising, training, and other support services are commonly made available by the entity licensing the 'chain store' or franchise outlet (commonly shortened to the one word: franchise), and may indeed be required by the franchisor, which generally requires audited books, and
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is among the successful franchises that have utilized information systems to get them to where they are today. Information systems are an important part of the plan for success. There is much to be said about a franchise unit that does not operate using an information system. According to Britannica Online an information system is an integrated set of components for collecting, storing, processing, and communicating information. It is the heartbeat of many franchises and allows owners to manage
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