Advantages of being a franchisee include:
Before buying a franchise, the most important questions to ask a franchisor are:
So, business is going well – so well in fact that you are thinking about expanding. This is a major accomplishment, as a majority of new businesses fail, and a great indicator that you have done a great job up until this point.
A restaurant franchise agreement can be a dense and complicated contract. But, whether you hire a lawyer or handle the agreement yourself, there are a few crucial items that you should be aware of so that you can make sure they are properly negotiated.
One expense that nearly all franchisees pay is the royalty fee. The fee is usually a percentage of gross monthly revenue, although depending on the agreement between franchisee and franchisor, it could be a percentage of weekly revenue. The actual percentage also depends on the nature of the[...]