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178x Filetype PPTX File size 0.69 MB
What is Franchising? A method for the distribution of goods or services. Elements of a Franchise License of a Trademark ; Payment of an Initial Fee; Franchisor provides substantial support or marketing plan or the existence of a “Community of Interest” between Franchisor and Franchisee. Quick Franchise Facts Approximately 760,000 Franchised Businesses in U.S. 19 Million Americans employed in Franchised Businesses. Over 75 industries represented. Restaurants are the largest single sector represented. Regulation of Franchising The Offer and Sale of Franchises is Regulated by Federal and State law. Franchise Disclosure Document “FDD” must be provided to prospects at least 14 days before the Franchise Agreement can be signed and money accepted. 14 states require registration of the FDD. Without a Federally Registered Trademark, must comply with state Business Opportunity Laws. Is Your Restaurant a Good Candidate for Expansion Through Franchising? Can the concept be duplicated? Are there regional taste factors to consider? Will it sell everywhere? Is the concept teachable? Is Your Restaurant a Good Candidate for Expansion Through Franchising? Is there an element of uniqueness? Do you have sufficient proof of concept? Multiple locations? Operating history? Will the business provide a good ROI?
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