Tag "franchisor"

Initial Franchise Fees Explained

If you’re considering starting your own small business, a franchise is often an excellent option. They give you the freedom to fund your own business with the security of having trusted products and business practices. Getting started with franchising, however, can be a bit confusing. Here you’ll find an explanation of the initial fees needed to get started with your business. A royalty fee is just an upfront payment that

The Costs of Establishing a Franchise

Before you get going with any business, you need to know upfront what it takes to get started. Costs with many establishments are straight-forward, but franchises can be a bit confusing. A franchise is when someone pays a company to use their name and logo and operate under it as part of their business. The costs can be complicated, so you need to take time to understand them before you

What Does It Take To Become a Franchisee?

Buying into a franchise is a great business opportunity. While it takes a lot of hard work and capital, it also comes with support and a fairly stable business investment. But remember, when you’re buying a franchise, you’re not only betting on the product and the market; you’re also betting on yourself and your ability to run a business. Before you get started, ask yourself if you think you have

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