20 Mar Legal Environment of Business
1.Read the following: https://www.franchiselawsolutions.com/franchising/pennsylvania-franchise-registration/ (Links to an external site.)
Choose a franchise here: https://www.franchisegator.com/franchise-listings.php?state=PA
Click on FTC link. Put Franchise in the search box displayed. Find the article entitled: “Considering a franchise? Time to strategize.” The info there will help you in completing your application for the franchise.
Also Review Franchise Rule: https://www.ftc.gov/enforcement/rules/rulemaking-regulatory-reform-proceedings/franchise-rule (Links to an external site.)
(Links to an external site.)bus70-franchise-rule-compliance-guide-2.pdf
2. Then, choose a business to franchise from here: https://www.franchisegator.com/franchise-listings.php?state=PA (Links to an external site.)
3.Copy the brand or logo of the business you are interested in and place it at the top of your application page to begin. Click twice for it to go in the header.
Determine the answer to all of the following and then complete your application which is in the question. for a business franchise.
- State the responsibilities you and the franchisor will have to each other if you buy the franchise. How much must you pay up front? What do you get in return?
- State what you believe might be your potential earnings or the earnings of current franchisees per month, or annually.
- Go to Google Maps and type in the name of your business in a particular area. What are the total number of franchises near yours?
- Can you tell how many franchisees were terminated or not renewed during the past year?
- Put down the names, addresses, and telephone numbers of at least 4 franchisees who operate near you
- What might be the cost to start and operate the business (including cash upfront)?
- Is your background and experience sufficient to occupy a position as one of the franchise’s key executives?
- Name any legal actions against the franchisor or its directors, and by the franchisor or directors against franchisees in the past year.
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