1. Franchises

2. Key Terms
Franchise: A license that describes the relationship between the franchisor and franchisee including use of trademarks, fees, support and control. Franchising: A method of business expansion characterized by a trademark license, payment of fees, and significant assistance and/or control.

3. Key Terms
Franchisor: The person or company that grants the franchisee the right to do business under their trademark or trade name. Franchisee: The person or company that gets the right from the franchisor to do business under the franchisor’s trademark or trade name.

4. What a Franchisor sells
Name
Methods of doing business
Advertising materials
Any necessary training
National advertising and PR

5. Business Survival:

6. Top 10 Franchises for 2012 according to Entrepreneur Magazine
10. Dunkin Doughnuts 9. Pizza Hut 8. H & R Block 7. Denny’s 6. McDonalds’s 5. Days Inn 4. Servpro 3. 7-Eleven 2. Subway 1. Hampton Hotels

7. Good and the Bad Advantages: Proven System Established Brand Name
Training/Support
Buying Power
Disadvantages:
Loss of control
High Start-up Costs
Profit sharing