Review information in your text regarding franchises

Assignment Help Business Management

Reference no: EM133376114

If you want to go into business for yourself, you have three options:

Start a business from scratch
Buy an existing business that is for sale
Buy into a franchise

This assignment will have you evaluating the third option for business ownership: franchises

Step 1: Review information in your text regarding franchises, pros/cons, etc

Step 2: For your reference, check out Franchise Direct's Top 100 Franchises of 2021

Step 3: Submit answers to the following questions:

- - Based on your research from the text and online link above, which franchise sounds the most appealing? Why? (Note: you cannot choose Chick-fil-a)
  - How much is the initial franchise fee?
  - How are the periodic royalties calculated? How often do these have to be paid?

For example, I am going to answer this for Chick-fil-a. You must choose one other than Chick-fil-a.

- - Chick-fil-a - because I love their food and friendly atmosphere
  - $10,000 initial franchise fee
  - Ongoing payments include: 15% of sales for lease agreement PLUS 50% of pre-tax profits (no that's not a typo!) Compare this to your chosen franchise.

Reference no: EM133376114

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