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.
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[...]