Talk:Franchise

I've merged Franchise agreement into Franchising, but kept the note about government franchising on the Franchise page. — Jlin 04:28, 18 Apr 2005 (UTC)

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Franchising and Franchise agreement are about the same thing, but there's only the disambig note here about government franchising. Someone who knows more about the subject should clean these three up some. — OwenBlacker 23:41, Nov 11, 2004 (UTC)

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I'm removing {{expansion}} because that's a disambiguation page anyway :?--Chealer 07:41, 2004 Nov 20 (UTC)

Political franchise

Is there a good rule of thumb to determine if a link about political franchise should more rightly point to suffrage or citizenship? I know political franchise redirects to sufferage, but in some contexts, would citizenship make more sense? D-Rock (Yell at D-Rock) 02:26, 23 December 2005 (UTC)

Cable franchise?

What kind of a franchise is a Cable franchise? As in 1984 Cable Franchise Policy and Communications Act. Is it a monopoly (as in "the local telephone monopoly")? A utility? No one talks about "the local water franchise" or "electricity franchise". (Do they?) Ewlyahoocom 22:56, 15 February 2006 (UTC)

Franchise

Franchise means right or privalage if there is a problem all the blame is put on store owner it makes all money from products and NOTHING else it pays 1.5% of taxes they pay for none of the products up front they always get bumped out of money

Meaning and Types of Franchise

The primary trade association for franchising issues, the International Franchise Association, defines franchising as "continuing relationship in which the franchiser provides a licensed privilege to do business, plus assistance in organizing, training, merchandising, and management" in exchange for fees and royalties from the franchisee.

In other words, franchising is the process of expanding a business whereby a company (franchisor) grants a license to an independent business owner (franchisee) to sell its products or render its services.

A franchise, therefore, is a legal agreement permitting a business to furnish a product, name, trademark, or idea to an independent business owner. Each party of a franchise agreement gives up some legal rights to gain others. The franchisor increases its number of outlets and gains additional income. The franchisee opens an established business with strong potential for success.

Franchising offers people a chance to own, manage, and direct their own business without having to take all the associated risks. This aspect has allowed many people to open businesses of their own who might never have done so otherwise.

80.3.190.96 (talk) 16:56, 4 May 2016 (UTC)The introduction of the Vocational Franchise, opens up an entirely new franchise market, for new franchisors and franchises with different personal objectives to the traditional franchisee

TYPES OF FRANCHISES

There are four major types of franchises: – Business format franchises, – Product franchises, – Manufacturing franchises, – Business opportunity ventures, Dialahubby (talk) 12:43, 2 May 2016 (UTC)– Vocational Franchise,

Business format franchises, the most common type, a company expands by supplying independent business owners with an established business, including its name and trademark. The franchiser company generally assists the independent owners considerably in launching and running their businesses. In return, the business owners pay fees and royalties. The franchisee also often buys supplies from the franchiser. Fast food restaurants are good examples of this type of franchise.

With product franchises, manufactures control how retail stores distribute their products. Through this kind of agreement, manufacturers allow retailers to distribute their products and to use their names and trademarks. To obtain these rights, store owners must pay fees or buy a minimum amount of products. Tire stores, for example, operate under this kind of franchise agreement.

Through manufacturing franchises, a franchiser grants a manufacturer the right to produce and sell goods using its name and trademark. This type of franchise is common among food and beverage companies. For example, soft drink bottlers often obtain franchise rights from soft drink companies to produce, bottle, and distribute soft drinks. The major soft drink companies also sell the supplies to the regional manufacturing franchises.

Dialahubby (talk) 12:43, 2 May 2016 (UTC)Vocational Franchises are a type of franchise that the franchisor licences the use of the Brand / Trademark these franchises are typically home based simple franchises with little capital exprenidture requirements. such as a cleaning or handyman franchise everything is on line, training, support, and the inital purchase of the franchise, all fees are fixed & paid in advance, online, and an annual subscription, this type of franchise was created by when he realised that not every one wanted to become a millionair or even run a business with employees.

THE ADVANTAGES OF FRANCHISING

Franchisers benefit from these agreements because they allow companies to expand much more quickly than they could otherwise. A lack of funds and workers can cause a company to grow slowly. However, through franchising a company invests very little capital or labor, because the franchisee supplies both.

A company also can ensure it has competent and highly motivated owner/managers at each outlet through franchising. Since the owners are largely responsible for the success of their outlets, they will put a strong, constant effort to make sure their businesses run smoothly and prosper. In addition, companies are able to provide franchising rights to only qualified people.

80.3.190.96 (talk) 16:56, 4 May 2016 (UTC)The exception to the above is Vocational Franchises, which is designed to work as a platform for what is in essence Lifestyle Franchise, where there is no great intrinsic value in the business, it is designed to provide a service to its clients and an excellent income to franchisee whom are not penalised for excelling with variable management and marketing fees. again Vocational franchises can be operated as a bolt on to an existing business, in order to boost income. or even operated on a part time basis like Cleaning franchise

80.3.190.96 (talk) 16:56, 4 May 2016 (UTC)The advantage to the Vocational Franchisor is rapid deployment of the brand, everything is online thus reducing costs, multiple franchisees for each territory with different skill sets, who pay their marketing and management fees monthly in advance, and who all benefit from collaboration marketing with out any cross over, as the key objective is to retain customer loyalty. the franchisor also continues to develop services that add scope and value to new and existing franchisees.

THE DISADVANTAGES OF FRANCHISING

In return for the benefits franchisees receive, they must pay fees and royalties to the franchisers. The franchise fee may range anywhere from $5,000 to over $1 million and hence can be a major expenditure. Besides the franchise fee, franchisees often must pay royalties periodically during the life of the franchise agreement. Royalty payments are either a percentage of an outlet's gross income—usually under 10 percent of an outlet's gross income—or a fixed fee 80.3.190.96 (talk) 16:56, 4 May 2016 (UTC)as with vocational franchises. Vocational franchises annual fees can be as little as £200 for a simple ironing franchise licence Franchise costs vary to some extent because of costs associated with different kinds of businesses and with different locations. For example, a person who wishes to open a franchised employment service operation, such as Talent Force, based in Atlanta, Georgia, can get away with as little as a $7,500 fee, plus one year's starting capital investment of $50,000 to $110,000. On the other hand, start-up costs for a company like J.O.B.S., based in Clearwater, Florida, can be as little as $45,000, including a $30,000 franchise fee.

80.3.190.96 (talk) 16:56, 4 May 2016 (UTC)Vocational Franchising would not be suitable for someone who's is seeking long term investment with a view selling their business later in life or for a capital gain, although this is not to say a vocation Franchisee could not sell his business, but the franchisee is constrained by the franchise agreement, as with any other type of Franchise system.

Written by Mahesh Gowda.. Mumbai ... India

el== Copayment? ==

@Alex Khimich: I don't understand why you added Copayment as a type of franchise with this edit. Can you or anyone else explain? Otherwise I plan to delete it. --David Tornheim (talk) 06:15, 6 April 2017 (UTC)

David Tornheim, in rough this is a form of it, but if you plan more sophisticated approach of categorization, please, do. — Alex Khimich (talk) 06:19, 6 April 2017 (UTC)

@Alex Khimich: I'm not trying to be sophisticated. To my recollection, I have never heard of the word copayment as having anything to do with franchise. Our copayment article doesn't mention franchise, and a Google search doesn't produce anything either. I don't see the connection. Can you explain why you believe there is one? --David Tornheim (talk) 06:25, 6 April 2017 (UTC)

Thanks for deleting. --David Tornheim (talk) 07:09, 6 April 2017 (UTC)