What types of training and support systems

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While still a student in college, Adrian Johnson began his first business venture. He took his idea for a laundromat to a local bank and qualified for a $90,000 loan. After finding a suitable site close to his campus, he signed a 10-year lease and opened for business. During the first three days, the business averaged over 100 customers per day. The attraction of Johnson's laundromat was its unique atmosphere. The business was carpeted, with oak panelling and brass fittings. There was a snack bar and a big-screen television for patrons to enjoy while waiting for their laundry. Within a week of opening day, Johnson received an offer to sell his business at twice his investment. He rejected the offer because he was considering the possibility of franchising his business concept.

What major considerations should Johnson evaluate before he decides to franchise? If Johnson does indeed franchise his business, what types of training and support systems would you recommend that he provide to franchisees?

Reference no: EM133556698

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