What Is A Franchise?

TCR3For your business to be a Franchise it must do three things. One, you must have a trademark that you license to your Franchisees. Two, you have a business system that your Franchisees must follow. And third, you will charge your Franchisees a Franchise Fee, usually around $25,000, and a Royalty, usually around 5% of their sales. The Royalty is paid to you either weekly or monthly, usually by bank debit.
If you’re thinking about Franchising your business and whether you should, give me a call. We’ll talk Franchising and then you’ll know for sure. Call Tom at 770-595-1055 or email tom@franchiseasap.com