Can I sell my franchise to someone else? Yes, you can sell a franchise to someone else, but the process […]
The franchise agreement is a legally binding contract between the franchisor and the franchisee. Signing the agreement allows both parties to do business together.
The purpose of the franchise agreement is to outline the obligations of both the franchisee and franchisor. The agreement is standard to all franchisees in the network. By having all franchisees sign the same document, the franchisor is ensuring consistency throughout their network.
The purpose of the franchise agreement is to:
What the franchise agreement covers
Though each franchise agreement varies depending on the nature of the business, there are key areas they all cover. The agreement should cover:
A franchisor should promise the franchisee the following:
Can I sell my franchise to someone else? Yes, you can sell a franchise to someone else, but the process […]
Are salad franchises profitable? Salad franchises can be profitable, but success depends on various factors including location, competition, quality of […]
Can you run a franchise from home? Yes, it is possible to run a home-based franchise, depending on the nature […]
Are turnkey businesses profitable? The profitability of turnkey businesses can vary depending on various factors such as the industry, market […]
The much used statement, which screams the benefit of buying a franchise: “In Business For Yourself BUT Not By Yourself,” […]
Owning a 7-Eleven franchise involves a unique business model that is somewhat different from other franchising opportunities. Here's an overview […]