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What is franchisee?
Posted 21 May, 2010 by Zara G. Bryant from Japanmy name is Zara Bryant from Japan. There is a term i didn't conceive: what does franchisee mean?Capital Pope Answers:The party in a franchising agreement that is purchasing the right to use a business' trademarks, associated brands and other proprietary knowledge in order to open a branch. In addition to paying an annual franchising fee to the underlying company, the franchisee must also pay a portion of its profits to the franchisor. One of the benefits of being a franchisee is that the franchisor provides all the information that is needed for running the business (such as, training and suppliers). Furthermore, a franchisee is also usually given an exclusive area, where no other franchises belong to the same underlying business can set up shop in order to prevent internal competition. Is an important term to compass, Zara. Franchisee is The party in a franchising agreement that is purchasing the right to use a business' trademarks, associated brands and other proprietary knowledge in order to open a branch. In addition to paying an annual franchising fee to the underlying company, the franchisee must also pay a portion of its profits to the franchisor. One of the benefits of being a franchisee is that the franchisor provides all the information that is needed for running the business (such as, training and suppliers). Furthermore, a franchisee is also usually given an exclusive area, where no other franchises belong to the same underlying business can set up shop in order to prevent internal competition.Go to
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