Go on line and compare three franchises (e.g., franchise.org, americasbestfranchises.com, or

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Go on line and compare three franchises (e.g., franchise.org, americasbestfranchises.com, or

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Go on line and compare three franchises (e.g., franchise.org, americasbestfranchises.com, or whichfranchise.com). Choose two franchises in the same industry (e.g., fast food) and the third franchise from another industry (e.g., hair cutting). Make a table to report the fee structures (upfront, continued licensing), as well as benefits touted for franchisees of each franchise system. What would tempt you to pitch in with some friends and buy a franchise when you finish your degree?

Answer & Explanation (1)

Explanation
Franchise of Company A can be taken by an individual for an initial fee of Currency D 25000. The franchise has merits like new product that can increase the business and higher profits because of lesser direct competitors.

Franchise of Company B can be taken by an individual for an initial fee of Currency D 50000. The pros for the franchisee are well-established brand because of which the profits can be easily generated and there are various revenue streams such as online ordering and offline ordering of food.

Franchise of Company P can be taken by an individual for an upfront fee of Currency D 150000. The advantages of the franchise are very less initial fees of $30,000 and the location for building a franchise can be selected by the franchisees.

The points that appeal to an individual in taking a franchise can be explained as follows:

A franchisee can become an entrepreneur without taking a higher risk like a usual business person because franchises are taken from a well-established entity.
An individual can become an entrepreneur by introducing very little capital for starting the franchise. As a result, affordability is high.
An individual can earn a high return on investment because of taking a franchise from a branded entity.

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Works Cited:

"Fast Food Franchises Cost | Food Franchise Cost." America's Best Franchises |. N.p., 2021. Web. 16 May 2021.
"Salon Franchise Business Information At America's Best Franchises." America's Best Franchises |. N.p., 2021. Web. 16 May 2021.
Sample Response
Company name Fee structure (Currency D) Merits
Company A ( Fast food franchise) Initial fee of 25,000 New industry and high profit margins
Company B (Fast food franchise) Initial fee of 50,000 Reputed brand and several revenue streams
Company P ( Salon franchise) Upfront fee of 150,000 Entry fee benefit and choice of location
Following are the points that can appeal to an individual:

To become an entrepreneur by taking low risk.
Small capital business for an individual.
Higher margins because of franchising an established brand.

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