Understand the differences with respect to a traditional business
The franchisee is the person or company to which a franchise is granted, based on a set of agreed-upon terms and conditions. The list below shows some of the main advantages of being a franchisee:
In addition to being one of the most dynamic and financially affordable formulas for growing a business, expansion through franchising involves the establishment of a contract, which will specify the terms under which transfer of the brand's use rights will take place, how the company's own unique know-how will be made available and passed on, and how initial and ongoing technical and sales assistance will be provided to the franchisee in its role as a commercial partner.
Payments to be made:
Advantages and disadvantages for the franchisee
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