Start by exploring the wide variety of industries that have franchise companies and businesses for sale. Franchise businesses are available in over 75 industries. Choose an industry that you are interested in or one that you believe has high demand in this community.
Within the industry of your choice, select two different, but related, business franchising opportunities to compare and contrast. They can be in the same or different categories but should be in the same industry.
For quality, thorough answers for this assignment, particularly #5 and #6, you may need to do more than look at the information provided on one website. Look at the information presented from several resources, through a search of the companies and their franchise opportunities. Also, visit the company’s main website.
Using a WORD document, present your responses in a well-developed and organized manner. Number responses as appropriate and observe rules of spelling, grammar, and sentence structure. Please cite all sources properly that have been used for outside research, using MLA guidelines. You can either submit a Word document or a pdf. for this assignment.
1. The name of the franchise
2. The specific web address where you found the information on the franchise
3. The type of industry it is in (i.e. Food, Retail, Sports and Recreation, etc.) and the category it falls in (i.e. hamburger, pizza, wings, etc.)
4. The total (capital) investment required includes:
5. The amount of cash or liquid capital required
6. The franchising fee and/or royalty fees (if the information is available)
7. Other startup costs or requirements identified
8. The types of training and support the franchisor offers
9. The primary reasons/advantages of purchasing the particular franchise
10. If you were to consider purchasing one of the two franchises you researched, which one would you choose? Explain why. Please consider all that you learned in your research, as well as what you know about the business environment in Kansas City. Consider doing a little research on the company’s website and checking to see if they have been in the news recently.
