Structure: 1.

Individual Franchise agreement Franchisor

Franchisee Involves the sale of single franchise for specific location.

2. Area franchise agreement

Franchisor

allows franchisee to own and operate a specific number of franchise in a particular geographic area.

Franchisee

franchisee

franchisee

3. Master franchise agreement Franchisor

Franchisee

Sub Franchisee

Allows a franchisee to own and operate a specific number of franchisees in a particular geographic area. + Provides the franchisee the right to sell it to others who manages their own franchise.

Steps in planning: 1. 2. 3. 4. 5. 6. 7. 8. Develop a franchise business plan Get professional advice Conduct an Intellectual property audit Develop franchise docs Preparation of operating manuals Planning an advertising strategy and a training program Put together a team for opening a new unit Planning a strategy for opening

9. Locating a site for grand opening

Steps in purchasing: 1. 2. 3. 4. 5. 6. 7. Visit the franchisee outlet Retain the franchise attorney Meet the franchisor and find out their ideas and how u are benefited frm it Review all docs Sign the legal docs Attain the training programs Open the business.