Thisprovesthepointthatthefranchise(s)mustconstantlybeawareofwhatishappeningwithinitsterritoryThe nextcase,whichisalsostillgoingthroughthesystem,concernsitselfwiththesupposedabuseoffourfranchise ownersby7-Eleven'smainofficeThefourfranchiseownersareIndianswhofeltthattheywerebeinglabeled incorrectly.Whentheyhadinformedthemainofficeoftheirsupposedmistake,7-Elevenhadlabeledthemas "IndependentContractors"basedonthedegreeof...
Thefranchiseindustryisanindustrythatishighlyvisibletothepubliceye;mainlybecauseofsuchnamesas McDonald's,KentuckyFriedChicken,Popeye's,BurgerKing,Starbucksandthelike.Theyallfulfillaservice whichthegeneralpublicsupposedlyneedsFromasimplefriedchickenleg,toastrongcupofspecializedcoffee, orevenasetofbedlinens,theyallserveageneralpurpose.Eachonesuppliesthepublicwithgoodsandservices atacheaperpriceThepeopleorindividualswho
OwningaFranchiseInthisreportIwillbetalkingabouthowtoopenaLaRosa'spizzarestaurantfranchise.There aremanyrequirementsthatyouhavetofulfilltoqualifyforthefranchise.Thereare8stepstoopenafranchise withthemIntherestaurantbusiness,somebodyisalwaystryingtofranchise"thenextbigthing"Nodoubtyou 'veseendozensofthemcomeandgo.Doesn'titmakemoresensetofindastableandrewardingbusinessconcept withastrongtrackrecord?(LaRosa's,franchise)
threetypesofhotelownershipsanditsadvantages&disadvantagesParkJaeHoonJ12011310HotelFranchiseThe DefinitionofFranchiseis-Anauthorizationgrantedbyagovernmentorcompany-Individualorgroup-Theright orlicensegrantedbyacompanytoanindividualorgrouptomarketitsproductsorservicesinaspecificterritory. ThanwhatisfranchisesCharacteristics?FirstoffranchisesCharacteristicsisSimplestformofanagreementor licenseenteredintobytwoparties,thefranchisor...
[1]$30,000isthebasicinitialfranchisefeeSeeItem5foroptionfeesandconditionswhenthisfeeispartly refundable[2]Atleast15servicemenarerequiredforeachlocation[3]Franchiseeshavetheresponsibilityto findasuitableplacethatisunderthelistofapprovedlocationforcasinos.DAwillprovidelease-negotiation assistanceThecostvariesindifferentlocationsandsizes[4]EquipmentisleasedbyDoubleAcesonayearly basis.Thispaymentisonlyrefundableundersome...
flexibilitythatowningabusinessfranchisecreatesprovidesthisoptionSuccessisnotreachedbysimplycreating abusiness,however.Thelevelofsuccessismeasuredbythesizeandefficiencyofthebusiness.Businessgrowth isthedrivingforceoftheeconomyTheadditionaljobsandrevenuescreatedwhenabusinessexpandsallowthe economytogrowatexponentialratesOneofthefastestandmostpopularwaystoincreasethesizeofabusiness istoturnitintoafranchise,whichcanthenbepurchased...
Totheuntrainedeye,franchiseandbusinessopportunityinvestmentslookprettymuchthesame.Bothinviteyou topurchaseapackageofgoodsandservicesandbusinessconcepts.Bothofferyouthechancetocapitalizeona businessideathathasalreadyprovedtobesuccessfulBothprovidesometraining,handholdingandaccesstoa valuablemarketplace.Inreality,though,therearehugedifferencesbetweenthetwoconcepts.Whilethese fundamentaldistinctionssometimesappearsubtle,detecting
InordertocreateaDipnDipfranchiseinthecountryofPanama,wewillneedatotalcapitalof$650,000.00.This amountneededistocoverthefranchisecost,beginningfranchisemerchandise,location,furnitureanddecoration fortherestaurantadvertisingandkeeparemainingcapitalforutilityandotherkindsofcost.•FranchiseName: $200,000.00plus5%oftherestaurantprofitperyear•FranchiseMerchandise:$1,000.00permonth• UtilityCost:Approximate$1,50000to$2,00000o
WhyFranchise.Franchisinghasattractedsome34,000peopleintheUKtoinvestintheirfutureinself employmentHereare15reasonswhyfranchisesofferanattractivebusinessopportunity1Establishedbrand value.Priortolaunchingafranchise,thefranchisorhasdevelopedandestablishedattractiveandmeaningful brandingfortheoperation,andasthenetworkoffranchiseesexpandsthenationalrecognitionofthisbrandgrows Whenafranchiseeentersintoamaturefranchiseenetwork...
takeonrisks(Forbes,2013,online)Afranchiseisanarrangementbetweenthefranchisorandfranchiseewhere thefranchisorwillgivetherightstothefranchiseetouseitstrademark/trade-nameandsomebusinesssystemsto produceandmarketagoodorserviceTherearetwotypesoffranchises,oneisproductdistributioniswherethe trademarkandlogoisprovidedalthoughthebusinesssystemsarenotprovided.Anothertypeisabusinessformat franchiseiswheretheproductandtrademarkisused...
ProntoWashUSAFranchiseProntoWashUSAwascreatedin2002asamemberofProntoWashInternational ProntoWashUSAisafranchisecompanythatprovidesconsumer-friendlyhandcarwashanddetailingservicesin itsparkinglocationsSuchlocationsaremalls,corporatebuildings,complexes,stripcentersandindividual buildinglots.ProntoWashisthegloballeaderincarwashservices.Thiscarwashfranchiseopportunityhas revolutionizedthecarwashingbusinesswithanenvironmentallyfriendly
canpursueafranchiseoropenanindependentcoffeehouseOnebusinessbringsmarketreadysuppliesandthe otherrequiresgreaterdiligenceinplanningandmanagement.Openingafranchisebringsabrandnameand materialstoabusinesstoproduceinstantrecognitionandbringinbrandloyalconsumers.Afranchisecreatesa businessrelationshipwithafranchisortobringabrandname,tradedress,andtrademarktoafranchisee(Kubasek etal.,2015,p.431).Inturnforthefranchisematerialand...
TASKONE:Q11IDENTIFYTYPESOFBUSINESSFRANCHISESANDDIFFERENTIATEKEY FACTORS.RESEARCHANDPROVIDEEXISTINGOFEACHTYPEINRELATIONTOEXISTING FRANCHISEBUSINESSOPERATIONFRANCHISETYPESMUSTINCLUDETHEFOLLOWING:ANS: •INTEGRATEDBUSINESSOPERATION:Integratedbusinessmeanscombinebusinesswheretwo companiescanruntheirbusinessunderonename.Forexample:Infixfranchisetheyruntwobusinessesoneis coffeebusinessandsecondoneissubwaybusiness•SINGLEPRODUCTORSERVICE
-MICHELLGEORGEHOWISAPRIVATELTD.DIFFERENTFROMAFRANCHISE?Franchise:Itisthe authorizationoralicensegiventoanindividualoragroupbyagovernmentorcompanyallowingthemtocarry outcommercialactivities.Examplesoffranchisewouldbeprovidingabroadcastingserviceoractingasanagent foracompany'sproductFranchisingisoneofthethreestrategiesthatbusinessesusetogainmarketshare Companiesthatwanttogiveagoodimageoftheirproductstotheircustomers...
ContemporaryIssuesHotelIndustry:AComparisonOfThe PerformanceOfIndependentAndFranchiseEssay
Contemporaryissuesinhotelindustry:-Acomparisonoftheperformanceofindependentandfranchise1) Correctlyidentifyexplicitandimplicitassumptions,challengestotheassumptionmadewiththeirevidence.(15 marks)Although,franchiseeplaysadominantroleinthehospitalityindustrybuttherearestillmanyentrepreneurs whoenterstheindustryasindependenthoteliers.Theseindependenthoteliershavethezealtoworkandthe independentperformancehasoftenbeenevaluatedincomparison
ofthisstudyistodeterminewhichofthethreefranchiseschosenforinvestigationfromtheFamousBrandsgroup wouldbethebestinvestmentforanentrepreneur.ChosenBrands:WimpySteersMugg&BeanDuringthis investigationIwilldoresearchontheinternetandothermediaaswellasconductinterviewswiththemanagers andotherkeystaffofoneofeachofthefranchisesbeinginvestigated.Wimpy:Background:Wimpyisafranchise thatformspartoftheFamousBrandsgroupItwas
MarilynMonroeCafeFranchise2.Areopportunitiesinfranchisingcomparabletostartingabusinessfrom scratch?Whataretheprosandcons?Ibelieveso!Theprosaretheoneononetraining,the24/7supportfromthe MarilynMonroefranchiseitselfaswellasthebusinessbeingfullyequippedandstockedforyouwhenstoreis complete.Plus,afullnetworkofsupportfromthefranchiseitself.Theprosidetostartingfromthegroundup insteadofusingafranchiseyouhavemorefreedom
INTRODUCTIONAfranchiseisarightgrantedtoanindividualorgrouptomarketacompany'sgoodsor serviceswithinacertainterritoryorlocationSomeexamplesoftoday'spopularfranchisesareMcDonald's, Subway,Domino'sPizza,andtheUPSStore.Therearemanydifferenttypesoffranchises.Manypeopleassociate onlyfastfoodbusinesseswithfranchisingInfact,thereareover120differenttypesoffranchisebusinesses availabletoday,includingautomotive,cleaning&maintenance,...
purchasingafranchise,abusinessthatfollowsanalreadyestablishedmodelBeforeonepurchasesafranchise, theymustobtainspecificinformationtoknowwhetherornottheventureisworthit.Onefranchisethatisgrowing inpopularityisBuffaloWildWingsAlthoughitisgrowinginpopularityandsuccess,ispurchasingaBuffalo WildWings'franchiseworthit?Thefirstquestiononemustaskisabouttheinitialfranchisefee,theamounta franchiseepaysupfrontwhenobtainingafranchise.Buffalo...
ThefranchiserelationshipbetweenAQAPandtheal-QaidacorehasalsocausedAQAPtotakeonsomeserious disadvantagesintheiroperations.Thisdisplayisagoodexampleofhowtakingontheal-Qaidabrandalsocomes withdisadvantages"Someofthesegroupsarereluctanttoidentifyexplicitlywithal-Qaidaduetotheriskthat openaffiliationmightmakethematargetofincreasedcounterterrorismoperationsfromtheirhomecountries." Oneexampleofthisistheincreaseduseofdronestrikes...
EEFirstDraftResearchQuestion:HowbringingKumonMathandReadingCentrefranchiseintoisbeneficial?
IntroForthisinvestigationIamgoingtoresearchonbringingKumonMathandReadingCenterintoVietnam KumonMath,asitsname,Kumonprovidesaprograminwhichstudentswillhavethechancetoimprovetheir mathematicalskills,fromthebasiconetotheadvancedlevel.Itisavailableforstudentsfromallagestojoin. VietnamisagreatpotentialmarkettoinvestinSinceVietnam
Franchisesareacrosstheworldthesedays'placelikeMcDonalds,7elevenandBurgerkinghavebeenaroundfora whileandwillcontinueuntilthedaytheworlddiesAfranchiseisabusinessrelationshipinwhichafranchisor grantsalicensetoanotherbusinessafranchisee.TobecomeaFranchiseisnotanovernighttask.Capitalneedsto beraisedtopurchasethefranchisemostfranchisescanbeuptoonemilliondollarsormoreAfterraisingcapital,a franchisecanbepurchased,butthereare...
toyouthereasonswhyyoushouldinvestinmyfranchiseIwillbeoutliningtheadvantagesanddisadvantagesof thefranchiseaswellasaSWOTAnalysis,KPI'sandIwillsuggestasuitablelocationforthefranchise.Butfirst, allowmetogiveyouabriefoverviewofwhatDominosdoes.Likeallbigbusinessestheyallstartedoutsmalland grewovertheyearsDominosstartedinAmericawithonlyonestoreinAmericaThenstartedtofranchisearound theworld.Domino'sPizzaAustraliabegan...
Theseduesproviderevenuesnecessaryforthefranchisertooperateandprovidesystems,training,marketing, promotionandotherservicestoallthefranchiseownersinthesystem.(Selig,1998)Figure1FranchisingConcept AccordingtotheDepartmentofCommerce,thefollowingaresomeofthemajorreasonswhycompaniesdecideto franchise(Selig,1998)•Franchisingprovidesaneffectivemethodforraisingcapitaltofinanceexpansion.• Franchisingenablesthefranchisertopoolresources...
Topic:EntertainmentFranchises:transmediaandtheimportanceofcharacterrightsThingstowatch,,,obvious, grammar,spellingandpunctuan,losepride,refinewhenpossible,don'tbetoowordorelaborate,reducepassivity, Topicsentenceforbigpara,andmakesureitflowsfromthattopicsentence,notsomuchforshortandpunchy paras,UsemorelegalterminologyIntroduction-NewTitleTransmedia:anintegralfunctionofEntertainment FranchisesEntertainmentfranchiseshavebecomethemost
complementtheseparatefranchisecanonicallyAfterthisIwillbeintroducingthereasonshowandwhyDisney InfinitywasasuccessandhelpedDisneytobeastronginfluencerinthetransmediaplatform.Myfinalpointwill behowDisneykepttheinterestofbuyersfortheDisneyInfinity20and30franchiseofDisneyInfinityDisney Infinityisavideogamethatwasreleasedinaugust2013.Inthevideogametheplayersroamthroughworldsthat arebasedonfranchisesownedbyDisney,
yearasincreasinginitssalesgoal.*Theirideahadmeritasalongtermdistributionpolicy.*Thedirectcostof addingasalesrepresentativewas$80,000peryear.*2ndviewpointIt'saboutdevelopmentofaformalexclusive franchiseprogram,since27nonexclusivedealershadpostedsuchapossibilityinthelastyearEachofthese dealersrepresentedadifferentmarket,andeachofthesemarketswasconsideredtohaveahighpotentialandbea candidateforthenewadvertising
Butbeyondtheimmediatelegalreasons,itmakesgoodbusinesssensetotesttheconceptbeforefranchisingit. Jointventuredlocationsbetweenafranchisoranditsfuturemasterfranchisepartnercantestsuchthingsas customertastes,locationdevelopment,staffing,andsourcesofsupplythroughthe"testkitchen"ofajointlyowned andoperatedunit.Whilethefranchisormaygiveupanimmediatedevelopmentfeeandroyaltystream...
inspirationandcanbeemotiveThevisionthattheemployerhasforChampsFriedChickenistoexpandthe company'sfootprintfirstintheEasternCapeandeventuallymoveintootherprovincesaswell.Theauthoralso wantstobethebestfriedchickenfranchise,beingthebestintermsofsellingthehighestqualitychickenwitha uniquetasteandtexturethatbeatsthatoftheircompetitors.CompanyMission(Shah,n.d.)Alsomentionsthatthe missionofthecompanyisafundamentalpurposeofthebusiness
ResourcesThecompanyisnotonlyspreadthroughtheUSAbutalsoinCanadawhilemaintainingarequired numberoffranchises,companyownedbakery-cafesandfreshdoughoperations.Asof2009,thecompanyowned andranatotalof1380bakery-cafes795beingfranchiseowned,585Company-ownedbakery-cafesand23fresh doughoperationsinUSAandCanada.Theirbakery-cafesaremainlylocatedinthesuburban,stripmalland regionsmallarea
peoplearoundtown,especiallycollegestudents.Aswordspreadabouthissandwiches,JimmyJohn'sbeganto gainacclaimandbegantomakemoney(Gibbs,2005)1985markedtheopeningofthesecondJimmyJohn's Sincethenthesandwichshopfranchisehascontinuedtoflourishwithover690storescurrentlyopen...
Mamas&PapasPizzaria(20locations)3Descriptionofatypicalworkday:Everymorninghereturnscallsand emails,andconfirmsandsetsappointmentstomeetthefranchises.Oncehehasconfirmedappointmentsforthe day,hestartshisdaywiththevisittothebanktomakedepositsfromthepreviousdaySincethereare20 franchises,hetriestoarrangetovisit2franchiseeadaytocollectfundsformarketingandroyaltyfee's,duringhis visithereviewstheonlineordersforthemonthand
lotoftimetravelingtoensurethattheindividualfranchiseownersarekeepingtheagreementssetforthinthe franchisedocumentation.ItisimportanttoRalphthateachsitemaintainsthehighqualityfood,cleanlinessand qualitycustomerservicethathasbecomehisbrandThechartbelowdepictstheircurrentorganizationalchart DefinitionoftheOperatingModelforRalph'sRibsKeyFactors|SpecifictoRalph'sRibsFranchise|FewShared Customers|Customersarethesametype
technologydevelopmentwillincreaseoutsourcingasmolecularprofilingbecomeseasierandcheaper.Strengths Thefranchisesstrengthsareitsintellectualpropertyandrapidanalyticalcompetencies•Themolecular profilingIPassetsincludingexpressionprofiling,proteomic,andfunctionalgenomicsprovidesMerckandCowith exclusiveaccesstoahighinformationanalysis...
financeOwningafranchisebusinesswillallowmetogainknowledgebyexperienceandfromotherfranchisors AttachedisfourspecificfranchisesIhavecarefullychosefromthenutrition,children'sfitness,healthandbeauty categoriesthatIcouldsuccessfullyoperatewithouthavingexperienceinowningabusinessTherearemanyfields availableinthefranchisesbusiness.IhavechosenMassageEnvy,JambaJuice,GNC,andGymboreePlayand MusicasthefourbestfranchiseoptionsthatIcould
PresentationThefranchisingisthechainofanyparticularbusinesstorunbydiversefirmsoraffiliation successfully.Thefranchisergrantsworkingtheirbusinessattachtofranchiseeunderfranchiser'stermand conditionAssortedfoundationsbusinesshasdifferenttermandconditionforitsfranchiseeFranchisingbusiness generallyrunintheregularlifestyleindustrylikeMcDonald's,pizzacabin,domino's,Subwayatcetera.Some franchisingchainssimilarlyrunintheorganizationgives
Thisisthebusinessinwhichafranchiseecansellhis/herbusinesstofranchiseaccordingtohis/herwish.Itisa masterfranshiseorAtermusedtodefineacompanythatcombinestwoormoreoperationsordivisionsand operatesasasinglebusinessunit.Thiscollaborativemethodofconductingbusinessofferscostsavingsand increasesefficiency.Example;RevlonisanAmericanbrandbuttheyhavetheremanyfranchiseinnewZealand alsoReadmore:http://wwwbusinessdictionarycom/definition/integrated-operations
WaystoAdvertiseYourTutoringBusinessYoumightfeellikeshoutingyournewtutoringbusinessfromthe rooftops,butthat'snotthemosteffectivewaytoadvertiseyournewtutoringbusiness.Developingasolid marketingplanforyourtutoringfranchiseinvolvessettingrealistic,measurablegoals,andthevitalstepsto accomplisheachgoal.It'simportanttothinkaboutyourmarket.Willyoubeprimarilytutoringchildren?Ifso, yourmarketmaybewiderthanjusttheparentsofyourprospective
operationsthefranchiserthemselvesownsandcontrolsallthefranchise.Bythiswaytheorganisationisaligned andprofitisincreased.SingleproductorserviceoperationsFranchiseeisgivenalltherightstosellthesingle productsuppliedbythefranchiser,Buttheyhavetoobeysomepoliciessuchastheyhavetobutproductsfroma designatedsupplier.ManufacturingandwholesaleManufacturersponsoredwholesalefranchisesystems:Inthese themanufacturersupplythebasematerials
ingredients,includingbuns,pattiesandsaucestoallitsfranchisesthroughFamousBrandServicesandapproved suppliersSteershas505restaurants
openingof15franchisesthroughoutOntarioandQuebecduringtheyearFurthermore5locationshavealsobeen openedandareoperatedbythecompanyalone.IssuesThereareseveralissuesassociatedwiththecompanyafter analyzingthecaseZenithSecurityLimited,aswaspreviouslymentionedexpandedthroughoutCanadaBecause thecompanyswitchedtofranchising,thereareissuesattachedtorevenuerecognition.Thegroupagreeswiththe $225000costofacquiringafranchise,however,theinstallments
chainthatoriginatedinArlington,Virginia[->0]withintheWashingtonMetropolitanArea[->1]Thechainsells mainlyhamburgers[->2],hotdogs[->3]andFrenchFries[->4].FiveGuysenterpriseshasgrownfromasingle familyownedrestauranttoafranchisewith450locationsinthirtystatesFiveGuysopeneditsdoorstoArlington, Virginiain1986.Therestaurantwasstartedbyfourbrotherswhoweregiventhechoicetostartabusinessorgoto collegebytheirparentsTheburgerandfryshop
workstocomplementtheseparatefranchisecanonicallyAfterthisiwillbeintroducingthereasonshowandwhy DisneyInfinitywasasuccessandhelpedDisneytobeastronginfluencerinthetransmediaplatform.Disney Infinityisavideogamethatwasreleasedinaugust2013.Inthevideogametheplayersroamthroughworldsthat arebasedonfranchisesownedbyDisney,
Thewrite-upcase:MikeBellobuonoRecommendation:InmyopinionMikeBellobuonoshouldnotchooseto franchiseIfMikeacceptsFredDeluca'sofferandfranchisestherearesomerisksthatMikemustconsiderOneof therisksisthatBagelzcouldendupbeinganextensionofFredDeluca'sempireandintheworstcasescenario MikecouldlosecontrolofthewholeoperationAllemployeesinBagelzshouldhavethesameguidanceandthey shouldbeawareofthecompany'sgoalsandvalues.Itrequires...
inthefranchisemodel,andKrispyKremewiththecombinationofambitions,greed,andinexperienceinmanaged tostumbleintomostofthemAsKrispyKremepursueditsambitiousgrowthstrategy,itwasmakingmistakesin itsfinancedepartmentaswell,exceptforthecompany'splantofinancea$35millionmixingplantinIllinois...
corporateexecutivestomonitorday-to-dayoperations,launchedacateringdepartment,andexpanded internationallybyaddingfranchisestotheirorganizationalstructure(ThompsonC-169).Shaichusedfranchisesto stimulategrowthbyrequiringqualifiedoutsideinvestorstoopenandmanageatleast15franchisedcafesinasixyearperiodunderthecompanyname(FranchiseInformation)Anotherorganizationalcrisisarosein1995when effortstoexpandtheSaintLouisBreadchaininordertoincrease...
moreChineseconsumersoverlargersegmentcountryTheProsandConsofFranchisinginChinaUScompanies mustjumphurdlestooperatesuccessfulfranchisesinChina,butthepotentialbenefitsaretoogreattoignore. WilliamEdwards40July–September2011chinabusinessreviewcomFRANCHISINGWesternandlocal franchisebrandshavedevelopedgroupislargelyayoung,upwardlymobile,andaspirationalsignificantlyin Chinaoverthepast15years,asthetwo-incomefamilydemographic...
[pic]PaneraBreadTableofContentsExecutiveSummary3Introduction3StrategicIssue4SWOTAnalysis4 Strengths4Weaknesses5Opportunities5Threats5Alternatives6Moreaggressivemarketingcampaign6Enter untappeddomesticmarketsthroughfranchising6Sellproductsingroceryandspecialtystores6Co-ops7Enter foreignmarket7Openmorestoresinlowpenetrationmarkets7Bettersupplychain...
In1993,AUBonPainCompanypurchasedtheSaintLouisBreadCompanyIn1995,topmanagementatAuBon Paininstitutedacomprehensiveoverhaulofthenewly-acquiredSaintLouisBreadlocations.Theoverhaul includedalteringthemenuandthediningatmosphere.Thevisionwastocreateaspecialtycafeanchoredbyan authentic,fresh-doughartisanbakeryandupscalequick-servicemenuselectionsThisacquisitionproved successfulforAuBonPain.Between1993and1997,averageunitvolumesatthe...
ofMcDonalds,andthemainproblemisarrangingthecapitaltosupportmybusinessplanIhaveresearchedfew privateandgovernmentloanproviders.Accordingtofranchisedirectory,McDonaldsprovidefourdifferenttypes offranchisesinIndiasuchastraditionalrestaurant,satellitelocations,STOandSTRlocationsandBFLfranchise Traditionalrestaurantfranchisersareeligibletolocateinfreestandingbuildingandfoodcourts.Satellitelocation franchiserscanopenMcDonaldsinairports...
regionaldeveloper,amasterfranchiseehasalltherightsofanareadeveloperandusuallyassumesalargerarea Themaindifferenceisthatthemasterfranchisee,inadditiontoopeningfranchisesatreducedfranchiseand royaltyfees,canalsosellunitfranchises,multi-unitfranchisesandareadevelopmentfranchises,andprofitfrom thosesales.Themasterfranchiseeusuallyreceivesapartoftheongoingroyaltiespaidbyeachfranchisee.There maybeadditionalincomeavailablefromdistribution
cannibalizationdecreasessignificantlyasthedistancebetweenoutletsincreases(Davis2006;Pancras,Sriram,and Kumar2012).Specifically,inthefranchisingcontext,wherefranchisorsreceivetheinitialfranchisefeeforevery newoutletopenedandarepaidroyaltyasapercentageofsales,franchisefirmshaveastrongtendencytoopen newoutletsclosetooneanotheraslongasthenetsalesgainfromnewoutletsisgreaterthanthecannibalizedsales atexistingoutlets(Kalnins2004)Thismakes
FranchisingFranchisingisabusinessmodelthatallowscompaniestorapidlyexpandtheirmarketshare. AccordingtoFranchise.com(2015),therearethreetypesoffranchises:distributorships,trademarklicensing,and businessformatfranchisesWhentwoorganizationsenterintoadistributorship,theoriginatingcompanyprovides therightsanothercompanytoselltheirproducts.Anexampleofadistributorshipiswhenanautomanufacturing company
IPLTheIndianPremierLeagueisaT20cricketcompetitionpromotedbytheBCCIandismodelledonthesame linesasfootball'sEPLorbasketball'sNBAItworksonfranchisesystemwhereintheteams(presently8;goingup to10fromthenextseason)representingdifferentcitiesareauctionedandthehighestbidderisawardedtherights toownandruntheteamfortenyears.Overaspanofjustthreeyears,ithasbecomeabusinessphenomenon,even overshadowingwhatitstandsfor,thatiscricket
preparationforopeninganewrestaurant,SUBWAYwillhelpthefranchiseetosecurealocationforthenew SUBWAYrestaurant.Firstly,memberofdesignteamwillhelpfranchiseetodesignrestaurantbyprovidingafloor plansforthelocationofthefranchise,searchthepreferredlocationandprovidefranchiseewithanalysisofits viabilityfordevelopment.Afterreceivedtheapprovalfromarchitecturalplan,itisthefranchiseeresponsibleto renovatetherestauranttomeetthecompany'sspecifications
purposeofthisreportistoshowmyunderstandingofwhyMcDonald'sadoptedfranchising.InthereportIam goingtoexplainfranchiseandexplainitslegalframework.AlsotheamountofcontrolMcDonaldsactuallyhas overtheMcDonald'soutletsandwheretheoutletsshouldbelocatedIwillalsoevaluateiforiginaldecisionto franchisewasthecorrectone.Myreportwillinclude:vwheremyinformationcomesfromandwhy;van introductionthatwillgive
bemade.First,Bettymustdecidewhethertooperatehernewbusinessaspartofafranchiseornot.Shehas alreadyhadoffersfromfranchisesthatofferedtoprovideherandherstaffwithanytrainingneededOther potentialbenefitsfromoperatingasafranchiseincludeaprovenrecipeforsuccessandaccesstofinancingif needed(WilmingtonTrust).Someofthedisadvantagesofoperatingunderafranchiseincludealackof independenceandahighinitialinvestment(WilmingtonTrust)Another
firstopenedasasushitrainin1999andafurther4trainswereopenedinthenext6yearsIn2006thecompany's businessmodelwasre-writtenandthesushitrainsweretransformedintocabinetsushitakeawayshops,thenby 2010therewere32franchisesAustraliawide.Thekeybusinessissuesandchallengeswerethenidentified.Itwas foundthatmostofthe
Mostoftherevenuehascomefromtheirbakery-cafésales.Theyalsogeneraterevenuefromthesaleofdough totheirfranchiselocationsaswellasthefranchisefeestheychargetotheirfranchiseesPaneraBreadhasbeen veryprofitableinpartbecausetheyhaveavoidedtakingonlargemarketingendeavorsandemployalongsupply chaintogetsuppliesfromonefranchisetoanotherPlus,withbulkorpooledpurchasingofcertainsupplies, PaneraBreadexercisesbargainingpoweroversuppliers
McDonald'sregularlychecksthequalityofthefranchisesoutputandfailuretomaintainstandardscouldthreaten thelicenceThefranchiseeisalsoexpectedtobecomeinvolvedinlocaleventsandcharitiesRayKrocbelieved stronglythatabusinessmustbepreparedtoputsomethingbackintothecommunityinwhichitoperates.The franchisee,forallthetrainingandsupportMcDonald'soffers,isrunninghisorherownbusinessTheyfundthe franchisethemselvesandthereforehavemuchtolose...