Question

For this assignment you will be researching different franchise opportunities using the website from the internet activity of this lesson, . choose three franchises and create a presentation describing each of the opportunities. you should include the following information about each of your choices: when it was established as a franchise? how many franchise units there are in operation? what is the start-up cost of the franchise? what is the total investment required if the franchisee chooses to open the franchise? provide a brief description of the franchise. if you are unable to find the answer on the website you may need to search on the franchisor's website. submit your completed presentation for grading.

Answer 1

A franchise is a type of business where an individual purchases the rights to operate a business according to a model established by the franchisor. When researching different franchise opportunities, consider factors like establishment date, number of units, start-up cost, total investment, and a brief description.

Step-by-step explanation:

A franchise is a type of business where an individual, known as the franchisee, purchases the rights to operate a business according to a model established by the franchisor. The franchisor provides support and training to the franchisee in exchange for franchise fees and royalties. When researching different franchise opportunities, you should consider several factors:

1. When it was established as a franchise: This information can help determine the level of experience and success of the franchise.
2. Number of franchise units: Knowing how many units are in operation can give you an idea of the popularity and reach of the franchise.
3. Start-up cost: This refers to the initial investment required to start the franchise, including fees, equipment, and inventory.
4. Total investment: The total investment includes the start-up cost and additional expenses, such as working capital and marketing.
5. Brief description: This provides an overview of what the franchise offers and the industry it operates in.

By considering these factors and researching reliable sources, you can create a presentation that provides a comprehensive understanding of each franchise opportunity.