Franchising

Starting the business is costly  

• Advantage

• Disadvantage

The investment covers you for all opening aspects

• Advantage

• Disadvantage

The franchisee cannot sell the business without the permission of the franchisor

• Advantage

• Disadvantage

The franchise will advertise for you.

• Advantage

• Disadvantage

Do not have full control over decisions

• Advantage

• Disadvantage

A franchisor can offer ongoing support to the franchisee

• Advantage

• Disadvantage

Shared profits

• Advantage

• Disadvantage

The license given for a company or business to have more than one shop or outlet

• Franchise

• Profit

• Investment

A company that allows someone to open up another chain of their stores and manage it

• Franchisee

• Franchisor

A person that opens another chain of a business that already exists such as Starbucks

• Franchisee

• Franchisor