Franchising

Franchisors and franchisees

• A franchise is the right given by one business to another to sell goods under it's name
• Businesses like Toni&Guy and McDonalds have franchises up for sale
• Many franchises are national or even international companies
• They had developed successful products and use their skills to help others to set up in business

The benefits of a franchise

• The person who will run the franchise is known as the franchisee
• And the organisationwho offers the franchise is known as the franchisor
• Advantages include:-
• Training: Franchisees usually recieve training for the franchisor. Many franchises want to maintain their good name and ensure that franchise operations are successful. Giving the right training is vital
• Equipment: Most franchises provide equipment to entrepreneurs as part of the total…