Both federal and state franchise laws require franchisors to make presale disclosures to prospective franchisees. The franchise disclosure document, or FDD, describes the franchise offering for the benefit of a potential franchise buyer. The franchise disclosure document must be written in plain language so that it’s easy for any prospective franchisee to read. The FDD … Read more
Research about every aspect of the franchise agreement must conduct every entrepreneur who considers starting a franchise. This contract is not very complex, but there are many contractual terms that are good to know before signing this type of cooperation. The franchising business concept is very profitable if you know the advantages and disadvantages that … Read more
Over time, as franchise business has evolved, different types of franchises have become available on the market. Today, starting or buying a franchise is completely normal; this business format has become more popular than starting a business from scratch. When we talk about which types of different franchises we have, we will start with the … Read more
The business cannot be started without investment, and the franchise, in this regard, is no exception. Paying franchise fees is treated as mandatory – as investments without any franchise cooperation cannot be imagined! The franchise fee payment is what will give the franchisee the right to use franchisor trademarks, products, and intellectual property. How much … Read more
Franchising can be a great option for people with an entrepreneurial spirit but who don’t have the bandwidth or desire to go through the process of starting a small business from scratch. But how does a franchise work, exactly? Essentially, a successful business owner (known as the franchisor) franchises their business, enabling franchisees to own and … Read more
What is a better business model franchising or licensing? It is a very common question asked by traders who want to join a brand and thus start businesses with a company that already has a large base of customers. In this comparison, franchise vs. license, we will start with licensing. The license is rental of … Read more
McDonald’s operates more than 37,000 restaurants located in more than 120 countries around the world. Suppose you consider starting a McDonald’s franchise. In that case, you must be aware that this company considers only people who already own or manage significant financial resources for their future franchise owners. To be considered for this franchise costs … Read more
If you are a rookie entrepreneur or a newbie investor who wants to know what is a franchise, you come to the right place. We will outline in plain language all facts that must know by all individuals who are meeting for the first time with the term ”franchise”. Starting franchises is more than ever … Read more