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 | Focus of the Week |  | |
Hot Franchise Opportunities
A franchise is a license to use a trademark in exchange for payment
of fees or royalties and involves some material assistance from
the trademark owner. The typical business franchise provides the
franchisee with a complete operating system that includes all
of the systems, techniques, practices and sometimes equipment
that the franchisee needs to get up and running and continue running.
Usually, the franchisor also provides a marketing program and
other support services.
Franchise businesses account for about one third of total retail
sales in the United States, 10% of all fulltime businesses with
employees, and franchises provide employment to over 7 million
Americans. The average investment, before real estate expenses
in over 75% of franchises, is less than $250,000. For this reason
alone, franchises are appealing to many entrepreneurs.
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