1. How Safe is Franchising?

06/05/2008 | 578 Hits

2. Uniform Franchise Offering Circular

A legal document that must be provided by the franchisor to the prospective franchisee at least 10 business days before any agreement of sale is signed and finalized.

06/05/2008 | 289 Hits

3. Gross Sales

The overall sales of a franchise not including operating expenses, cost of goods sold, payment of taxes or any other expenses.

06/05/2008 | 300 Hits

4. Franchise Disclosure Document

Starting in July 2008, the Uniform Franchise Offering Circular (UFOC) will be replaced with the Franchise Disclosure Document. This is a legal document that must be provided by the franchisor to the prospective franchisee at least 14 calendar days before any agreement of sale is signed and finalized. This legal document is intended to provide prospective franchisees with enough information to help them make an educated decision about buying the franchise.

06/05/2008 | 251 Hits

5. Franchise Broker

A franchise broker (also known as a franchise consultant) is an individual who acts as an intermediary between the franchisor and an individual interested in buying a franchise. In most cases a franchise broker is not directly employed by the franchisor and represents many different franchises. There is no fee incurred by the individual interested in buying a franchise. The franchise brokers are paid a commission by the franchisor.

06/05/2008 | 263 Hits

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