« Franchising? | Home | How Do I Franchise My Birthday Party Business? »
Business Management : What Is a Franchise Fee?
A franchise fee is the amount of money a person, organization or company pays to the franchise holder to support the knowledge of the system. Find out how franchise fees provide opportunities to buy into this system withhelp from a management teacher in this free video on business management and franchises. Expert: Mark Clifton Bio: Mark Clifton has a degree in marketing management from Oxford Brookes University, and has successfully completed the CELTA teacher training program of Cambridge University. Filmmaker: Paul Volniansky
Tags: Franchises, franchising, management, managing, BusinessTopics: Business & Franchises | 11 Comments »
March 29th, 2010 at 1:08 pm
Franchise Fee may depend and also vary with the company you are choosing. Well known companies charge more to use their name for your business and also they tend to be very serious when they want to consider a franchise.
March 31st, 2010 at 3:21 am
I just got done reading E-myth last night and realized how important it is to learn about franchising as a model. This video provides good info even in less than 2 minutes! Stuff I didn’t know.
.-= Jason@ Hybrid Golf Club Reviews´s last blog ..The coolest club you’ve never heard of =-.
June 4th, 2010 at 1:57 pm
When it comes to franchise, the higher company reputation the higher price for fees. But still it is a profitable business if you have a strategic place to establish your franchise.
.-= diocelin@website design münchen´s last blog ..XT Commerce Abonnement Modul =-.
June 13th, 2010 at 4:30 pm
What would you say is a normal franchise fee? Can you give some examples, like what a McDonalds restaurant pays?
June 15th, 2010 at 5:54 pm
So if franchise fees range in price, which ones are less expensive? Can you give me an example of a less expensive franchises when it comes to the fees that are added on?
June 30th, 2010 at 8:17 pm
People confuse franchise fees with the whole start up costs, though. I am a franchise agent and many of my clients, who have more guts than capital, have this problem of not having enough for other initial costs like rent for space, renovation costs and legalities.
Franchise fee is just one of the initial costs to incur. There’s more, actually.
July 5th, 2010 at 12:03 pm
I think when it comes to franchising, you will be expected to pay a one time franchise fee simply to have the rights to open that franchise.
July 7th, 2010 at 5:53 am
So,
From what everyone is saying here, this is a one-time deal. I was always under the impression that franchise fees were recurring. I looked into the idea of starting a 7-11 not too long ago, but this was one of the factors that deterred me a bit.
July 8th, 2010 at 7:35 pm
I confirm in franchising, generally, you have beginning fees and royalty fees every year to have the right to use the brand.
November 30th, 2010 at 6:49 am
There are a bunch of franchise outfits cropping up in the promotional products industry. Three years ago I would have thought they were too expensive in terms of fees. After many sleepless nights handling non sales related issues I’d say jump on the opportunity if it fits.
February 7th, 2011 at 6:13 am
Franchise fees may vary depanding upon the quality of the organization