3. Types of Franchises Business Format Franchise Most common form Eg: Retail, Home Services, Professional Services, Home Based Franchises Trade Name Franchise Franchise company grants rights to the franchisee to sell or distribute Eg: Coca Cola, Car Dealerships Wholesale –Retailer Co-operative of franchisee retailers form a wholesale company Eg: Hardware and Auto Products
5. Is Franchising Right For Your Business When you sell a franchise you are selling the rights to use a proven system It’s more of a marriage than a parent –child relationship Growth Plan – 1 Year, 5 Year, 10 Year +