The popular franchise I chose was Wendy's, a nationwide fast-food restaurant that specializes in hamburgers.
I visited the company's website to learn about its franchising policies, and this is what I learned:
- Wendy's costs of franchisees are approximate $5 million.
- The corporation asks the investor to have that sum of money and about $2 million in assets.
- I also learned that the sum of money that a business franchise of Wendy's can produce $1.5 million in annual sales.
- To show real interest in acquiring a franchise, the investor has to pay Wendy's a franchise fee of $40,000.
- There is also a concept called "application fee" that is approximately $5000. This first payment is needed to start conversations formally.
- There is also a 4% royalty fee that must be paid on a monthly basis.
We conclude that a Business Franchise is the business modality in which the owner of a Franchise sells its concept of operation to an investor.
In the case of Wendy's, the corporation authorizes the use of its trademarks, logos, and slogans and all the "know-how to operate the franchise.
Learn more about franchises here:
https://brainly.com/question/3687222
