Friday, May 27, 2011

what is the reason why a business would sell a franchise ? | Best ...

If Molly Maid sells a franchise, that means the business can be expanded without more funds being supplied by the original owner. A franchisee owns only their own store, and is not a partner in the original business.

According to Wikipedia: Franchising refers to the methods of practicing and using another person?s philosophy of business. The franchisor grants the independent operator the right to distribute its products, techniques, and trademarks for a percentage of gross monthly sales and a royalty fee. Various tangibles and intangibles such as national or international advertising, training, and other support services are commonly made available by the franchisor. Agreements typically last five to twenty years, with premature cancellations or terminations of most contracts bearing serious consequences for franchisees.

Don?t quote Wikipedia directly, that?s plagiarizing. You can reword the quote above and be safe to use it.

Source: http://bestfinancesolutions.com/franchise/retail-franchise/what-is-the-reason-why-a-business-would-sell-a-franchise/

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