Franchise

What is a franchise?

• Where a business sells the rights to their brand
• Where you have full control
• Where you keep all the profits

Which is a franchisor?

• Starts a business
• Takes over a business
• Buys into an existing brand
• Allows others to use their brand name

Which is a franchisee?

• Starts a business
• Takes over a business
• Buys into an existing brand
• Allows others to use their brand name

A franchisor offers lots of training to the new franchisee

• True

• False

A franchisor pays for advertising and marketing materials

• True

• False

True or False:  A Franchisee has total control of their business

• TRUE
• FALSE

What liability is a franchise (normally)?

• Limited
• Unlimited

Which ownership has full control?

• Sole Trader
• Partnership
• Public Limited Company
• Private Limited Company

Buying an existing business is:  

• about as risky as starting a new business from scratch.
• often less risky than starting a new business from scratch. 

What kind of liability does a sole trader have?

• Limited Liability
• Unlimited Liability