The Body Shop Canada “You’re not the kind of franchise applicant we usually get‚” said Harry Robertson‚ company lawyer for the Body Shop Canada‚ as he opened his meeting with potential franchisee Richard Paul. “I suppose we’ll find out whether that’s an advantage or disadvantage‚” replied Mr. Paul. Mr. Robertson’s comment had taken Mr. Paul by surprise‚ and though he was pleased with his response‚ the comment had produced a sinking feeling in the pit of his stomach. Richard Paul Mr. Paul
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Report Franchising Definition What is franchising? For my personal knowledge when I not yet doing this presentation. Franchise is buying others people brand to start doing business with the brand name. After I had develop information of franchising. I’m right‚ but the correctly‚ franchise is a continuing relationship in which a franchisor provides a licensed privilege to the franchisee to do business and offers assistance in organizing‚ training‚ merchandising‚ marketing and managing in
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OF OWNING A FRANCHISE? ADVANTAGES “Owning a franchise allows you to go into business for yourself‚ but not by yourself.” A franchise provides franchisees with a certain level of independence where they can operate their business. A franchise provides an established product or service which may already enjoy widespread brand-name recognition. This gives the franchisee the benefits of a pre-sold customer base which would ordinarily takes years to establish. A franchise increases your
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of the franchise will take it upon himself to promote the franchised name or product‚ which will benefit the franchisee. 3) You may have exclusive rights to market the franchised products in your territory. One example is Starbucks Philippines. This one is franchised‚ yes‚ but the franchise belongs to just a single entity in the whole country. 4) A franchisee will enjoy the benefits of being supported by the franchisor. This is part of the franchise agreement. In return for the franchise fee the
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FRANCHISE AGREEMENT This Franchise Agreement is entered into as of the ____ day of ______________‚ _______‚ by and between Lugaw Queen‚ the Franchisor‚ with its principal place of business located at Marfori Subd. Road 4‚ Brgy. Silangan‚ Calauan‚ Laguna‚ and ___________________________‚ the Franchisee‚ with its principal place of business located at_________________________. RECITALS WHEREAS‚ Lugaw Queen has developed and owns the System; WHEREAS‚ Lugaw Queen intends to
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Franchisee McDonald’s is the biggest fast-food chain in the world that it boasts more than 30‚000 restaurants in 119 countries. With this unrivaled popularity‚ entrepreneurs who will franchise on McDonald’s will most likely succeed in the business; meanwhile this is how to start McDonald’s franchising. For those who want to franchise from McDonald’s‚ they can visit its companywebsite to know about the opportunities available to them are. Meanwhile‚ the corporation allows interested franchisees to open chains
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owner myself‚ and that was to discuss options other then buying. Based on the reading as well as my own research this is what I came up with Franchising? Or Licensing. Franchising vs. Licensing: An Example Franchising: Some fast-food chicken franchises cost more than one million dollars to get into‚ a LFC store costs as little as $150‚000 to establish a planned restaurant‚ even less for an existing one. This allows the “small guy” access to a successfully established product with a 30 year track
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chooses to own a franchise does so for multiple reasons. Richard J. Judd and Robert T. Justis devised a list of ten basic steps new franchise owners must keep in mind. The first step is to self-evaluate. It is important for new franchisee owners to understand the commitment this new business will require of them. They must also have a grasp on their person strengths and weaknesses. One cannot simply ignore his or her weaknesses‚ as they may result in failure of the franchise. One of the most
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NEW DELHI • LONDON • NOIDA • LAVASA FRANCHISE OPPORTUNITIES WITH OLD WORLD HOSPITALITY OPPORTUNITY FOR BUSINESS PARTNERS Master Franchise / Franchise: We are searching for multi-unit foodservice and retail operators‚ as well as other investors who have a history of business success. Other franchise candidates are also encouraged to apply‚ but will be required to have either experienced‚ qualified restaurant operators as part of their teams‚ or must complete our extensive training program
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varieties of food choices. Third‚ Boston Chicken expended rapidly using the area developer franchise model. Fourth‚ Boston Chicken spent large amount of money on developing their computer software system to support its network of stores and linking headquarters to developer stores. Boston Chicken has two key success factors. The first one is their rapid expansion through franchising; the franchise fee is a main resource of the company’s revenue. The second one is that Boston Chicken put
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