Franchises

LEQ: What are the advantages and disadvantages of purchasing a franchise?

Francises

A franchise is an enterprise that uses the original company’s name to sell goods and services.

The parent company or the company owning the name – is called the franchisor.

The person or group opening the franchise is the franchisee.

Franchises

Examples include Holiday Inn, Century 21, and Burger King.

Franchise agreements include requirements designed to uphold to reputation of the parent company.

Franchisor often provides training for employees and pays for national advertising.

Franchises

Chick-fil-A http://www.chick-fil-a.com/operator.asp