Understanding Franchises

What is a franchise?

• A franchise is when two companies decide to work together and set up a new company.

• A franchise is a business that is owned by two or more people.

• A franchise is a business owned by one person.

• A franchise is a business that allows other business to use its name, logo and sell the same product.

What are the advantages of a franchise?

• A business is well-known and you will have many customers.

• You have to share your profit with the franchisor.

• It's expensive to start a franchise.

• You have to advertise your product.

What is the primary benefit of owning a franchise?

• Access to a proven business model and brand recognition.

• High startup costs and limited support.

• Complete control over business operations without guidelines.

• No need for marketing or advertising efforts.

Name a popular fast-food franchise.

• Starbucks

• Subway

• Burger King

• McDonald's

Can you name a franchise that specializes in coffee?

• Starbucks

• Peet's Coffee

• McDonald's

• Dunkin' Donuts

Name a franchise that operates in the fitness industry.

• Gold's Gym

• Curves

• Fitness First

• Anytime Fitness

Name a franchise that specializes in doughnuts.

• Costa Coffee

• Krispy Kreme

• Starbucks

• Subway

Name a franchise that specializes in furniture.

• Starbucks

• Ikea

• Carrefour

• Holiday Inn