Today, we’re going to answer some of your franchise questions! We’ve received a number of questions from you on our various social media outlets; some questions have been asked multiple times so we made sure that those questions made it into today’s Q&A.
Our first question is from Megan. And Megan’s question is:
Continue reading “Answering Frequently asked Franchise Questions”
After our last blog post we received some questions about franchise royalties. It is certainly an area that you should be deeply aware of when you are deciding between franchise opportunities. Today’s post is a general overview of Royalties, what you get for their payment and what you can expect in return. We’ll also work through an example.
First, what is the definition of a royalty? A royalty is the payment a franchisee makes to the franchisor for them to use their concept in an effort to generate for revenue and profit. Continue reading “What are Franchise Royalties?”