Franchise fee - Why do I have to pay it? Question of the Week
A franchise fee is the initial payment you make when you sign the franchise agreement. It is the cost of joining the system, and it usually is a fairly large flat fee. The franchise agreement will spell out the specifics of exactly what you receive for your franchise fee. Most will provide:
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- The right to use the trademark and operating systems
- Services to help with location, demographics and architecture
- Operation Manual
- Training and continued support
- Computer Software
- Sources to get good pricing on equipment and supplies
Yes the franchise fee can seem steep, but starting your own business is difficult and time consuming. A franchise takes a lot of the initial questions and problems off of your shoulders. It allows you to get into business quickly and effectively. Make sure you have a good franchise lawyer to read your agreements to ensure your success. Good luck!
Search for franchise opportunities to buy at www.Franchise.com today.
About the Author
A Trusted Industry Leader Since 1995. Founded in 1995, Franchise.com was one of the first franchise recruitment websites in the world. Today, we continue to be the 'go to' place for people beginning their business opportunity search and the journey of franchise ownership as well as for those already involved in the world of franchising.Categorized Under: Franchise Information
