Obligations of the Franchisor To provide a franchise, subject to the payment of a fee To provide training to the franchisee, usually at the franchisees expense. To complete sales returns and send them to the franchisor, sometimes on a weekly basis. The Franchisee Pros and Cons Advantages Being your own boss Having a set of procedures including accounting that can be followed The support of a franchisor Having marketing and advertising assistance. They are usually not cheap. Training is usually at an additional charge Reporting conditions and adherence to the operations manual are required which may result in a franchisees individuality and flair being stifled You can still go bust.
Any business still requires the individuals that own it to run and mange it effectively.
Will it be in the franchisor's name and if so will the sub lease to the franchisee be on the same terms. Quite often a franchisor will look to take a head lease and then grant an under lease to the franchisee, sometimes seeking to increase the rent. Usually the franchisee. Some franchisors use the ongoing training requirements as something of an additional franchise fee. Usually the franchisee.