Payment'. Many high street name are Franchises: Benetton, Mc Donalds and Pizza Hut. Advantages A franchisee benefits from having an already well-established brand name, and bank's are more likely to lend money to franchisee's because of this. This position is much more reliable than being a sole trader. Disadvantages A franchisee has very limited independence and is ruled by the franchisor. The business cannot be sold, and regular 'Royalty Payments' have to be made. My …
showed first 75 words of 669 total

showed last 75 words of 669 total
…shops I sell to. I would also have to buy or rent offices and storerooms. The location of my shops should be in shopping malls or centres or high street shopping parades. Headquarters I would have to find somewhere to keep stock and early deliveries, which was convenient for transport and which had cheap rent. It would have to have offices and large storerooms. The building should preferably be by the side of the motorway.