Factors used for franchising

What is the sale of a franchise

Generally speaking, franchising firms have three common factors.

They sell a franchise by an independent third party from among local operators in the product of the product or services market.

This business is based on the spread of marketing or approach, which is based on a combination of methods or products, as well as a special trademark of a franchisor, a sign of service, corporate name, logo, advertising, or other symbols denoting a franchisor.

Franchisee is obliged to pay contributions and implement your local business in such a way to meet the requirements of the franchisor.

The proposal franchise must comply with federal standards, and in some cases, with even more stringent norms of state regulatory laws.