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A franchise fee is a fee that a person pays to operate a franchise branch of a larger company and enjoy the profits therefrom.
Video Franchise fee
Scope
By joining a franchise an investor or franchisee is able to run a business under the umbrella of the franchise.
The franchisee must pay a franchise fee, which may become costly. In the USA it may amount to thousands of dollars. In return, the franchisee may enjoy the use of the franchisor's system and name for a limited time as well as assistance. Such help includes location assistance for the outlet. The franchisor may provide initial training and an operating manual. Then the franchisor may also advise the franchisee on management, marketing, or personnel.
Maps Franchise fee
See also
- Franchising
- Franchise fraud
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References
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External links
- Federal Trade Commission resources
- "Turn your business into a franchise: Franchise fees and royalties". Business Link. UK Government. Retrieved 17 September 2010.
Source of the article : Wikipedia
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