We watched a franchise video in class. It was a video to show us how to get started on buying a franchise. It showed us how many companies are sold in the U.S. as franchises. A franchise lets people own/run business without risk of a typical start up. It showed us some of the steps in purchasing a franchise. For example, step one of buying a franchise is getting a copy of the FDD. The FDD is an acronym for, Franchise Disclosure Document. The normal start-up cost is $200,000. A Franchise fee is usually varies from $10,000 to $50,000. Lenders rely on the Small Business Administration for franchise information. Item 20 helps you learn more about store openings, closings, franchisees numbers, and gives you an idea of the success you should expect from your franchise. It was a great informal video!
Link: http://www.bloomberg.com/video/74720473/
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