Business Format Franchise Examples

Food of the top 10 franchises in 2010 according to entrepreneur s franchise 500 five are food related subway mcdonald s 7 eleven dunkin donuts and ampn mini market.

Business format franchise examples. Business format franchising according to business dictionary is an arrangement where a franchisee receives in addition to the right to sell goods or services the franchiser s designs quality control and accounting systems operating procedures group advertising and promotions training and in case of hotels and travel agencies. It is a type of business where the franchisee agrees to pay certain fees as well as follow certain business franchise rules in order to acquire the right to sell the goods or services of the franchisor the company who established the company. And that s why this article is going to teach you how to make your very own franchise business plan. Franchising is a way for companies to expand and bring their products and services to consumers without the company owning and operating their locations directly.

43 business plan templates in word. 97 business plan templates. By the book a franchise is a method of parceling out goods or service. The owner holds the right to a name or trademark which is then sold or licensed to franchisees.

The business format franchise is the most popular type of franchise system that is chosen by franchisees. Franchising is a huge sector of the economy. Much like a service level agreement a franchise agreement will require necessary information in order for one to learn the different the terms that need to be agreed upon before any kind of business can take place this means that you ll need to know just what kind of information you should put in so that the document will be valid. There are a wide range of franchise examples from restaurants to business services and almost everything in between.

In exchange the franchisee is able to use the franchisor s entire business system or format including the. This is defined as a distribution network operating under a shared trademark or trade name with franchisees paying the franchisor for the right to do business under that name for a specified period of time. A retailer to retailer arrangement the classic business format franchise. Franchises typically fall into one of two business models.

The franchisor markets a product or service through a network of franchisee retailers. But this means you will also need to come up with a simple plan to ensure that those who would like to be a part of your franchise would know exactly what it is that they have to do. Product or trade name franchising. How to create your franchise agreement.

In the usa as of 2005 there were 909 253 established franchised businesses. There are three basic types of franchising.