What is a Franchise? By Emma Roberts

How does a franchise work? A franchise works by a bigger business gives another business products of theirs to sell under it’s name.franchise It’s pretty understandable the smaller business has to give a certain percentage of the profits to the bigger business. percentage

What a franchisee/franchisor? A franchisee is a person who purchases a franchise, then runs that location of the purchased business. The person must sell it the way the maker has it as, and pays a flat fee or percentage of revenues or profits from it’s sales.franchisee A franchisor is a company that sells the right to use its name/or operating systems to independent business owners.

History of Franchising At first franchising start in people who would brew beer in Europe. Then it soon ventured into the United States. In the United States, there was no food chain of businesses. Franchising later started to form the United States.

History of Franchising In the late 1800’s and 1900’s many other types of franchising took place. For example, oil refineries and auto manufacturers found out that they could sell their products farther than other franchises could.

Advantages of Buying a Franchise Lower Failure Rate: when you buy a franchise you have a better chance of success, than a stand up business. Help with Start up and Beyond: when you buy the franchise you don’t need the people to do training or get the equipment, since it’s already there.

Advantages of Buying a Franchise Buying Power: the benefit from the collective buying power can afford the franchisor to buy in bulk and pass the savings to franchisees. The inventory and supplies will cost less, than a person starting their own business.

Advantages of buying a Franchise Star Power: having a business world or nationally knowned, can help you since there are already customers who go there.

Disadvantages of buying a franchise Buying a franchise means you have an agreement with a franchisor. It dictates how you run the business, and that may cause you to not be as creative.

Disadvantages of buying a franchise There are usually restrictions on how or where you operate your business, and the products you sell and the suppliers you use.

Disadvantages of buying a franchise Performances by other franchisees can affect your franchises reputation.

Facts on a Franchise The number of franchise establishments currently in the United States is approximately 750,000. All of these businesses directly employ well over 8 million people combined, with Quick Service Restaurants and Table/Full Service Restaurants accounting approximately 50% of all jobs in the franchising industry. I believe that these franchises can help us with lowering the unemployed rate. These franchises are one of our keys to lowering the unemployment rate.

Facts on a Franchise There are over 250,000 possible ways to order a burger at Five Guys. The “Five Guys” behind the burger chain are actually five brothers from Alexandria, Virginia who founded the restaurant, originally a carry-out burger joint, in I never knew that a person could have so many choices to put on a burger that it could lead to 250,000 types of burgers. This is an example of how many choices you can have at other restaurants.

Facts on a Franchise AlphaGraphics became the first desktop publishing retailer in Throughout the years, the company’s business center offerings have evolved to include printing, marketing communications as well as document creation and management. Nowadays there are so many types of places like this.

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