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1. What is a Franchise?
A franchise is a business that operates under a system. It
involves one party (the Franchisor) granting another party
(the franchisee) the right to operate a replicated business,
usually under a recognised registered name, and to use
established management methods, marketing systems, and
operating procedures. In return the franchisee commits to
paying the franchisor an initial fee, and further ongoing fees
(royalties). The Franchisee also agrees to comply with
franchise systems, policies and procedures.
2. What is a Franchisor?
The person or company who owns the operating systems,
trademarks, and procedures.
3. What is a Franchisee?
The person or company which pays the Franchisor for the
right to use the systems, products and processes which are
owned by the Franchisor.
Contact Info:
Address:
Broker Support Centre, Suite 104, Bermuda
Point, 20 Lake Orr Drive. Varsity Lakes, QLD
4227 Australia
Phone number:
1300 366 521 (toll-free)
+61 7 5562 2711 (international)
07 5562 2744 (fax)
E-mail:
admin@benchmarkbusiness.com.au