ssignment 4 – FRANCHISING You just surprisingly inherited $250,000 from an uncle named Bob. You hardly knew Bob and you’ve learned the only way you inherit the money is to open a business. Plus, Bo

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ssignment 4 – FRANCHISING 

You just surprisingly inherited $250,000 from an uncle named Bob.  You hardly knew Bob and you’ve learned the only way you inherit the money is to open a business.  Plus, Bob is requiring you (in order to get the money) to buy a franchise and pay for related costs.  Do some online research to find the real franchise you would purchase and answer the below questions.  What a great opportunity, thanks Uncle Bob!

  1. What franchise will you purchase? Why?
  2. What are the initial franchise fees and cost?  Can you pay for all costs in the $250,000?
  3. Going forward, what is the royalty fee and other profit splitting?
  4. Do you have to purchase ingredients, products or other goods from the Franchisor?
  5. What are your expectations of the Franchisor? Do they have any interesting requirements of you as Franchisee?