Free to choose. Location of business Restricted to a particular area. Franchisor's permission is necessary to move or open second location. Risk Profit reduced by royalties and other payments to franchisor, but use of known name, pretested product, and simplified procedures may enhance volume. Franchisee bears risk of loss, including loss of franchise.
Profit depends on own efforts and judgment.
Transferability Restricts assignment to anyone other than franchisor. Free to sell, donate, or leave by will. All Rights Reserved. LIVE, REAL TIME Global Streaming Financial News and Business Information. Excellent legal service at your convenience.