Franchises

ObjectivesW.A.L.T: Evaluate the idea of owing a franchise&

determining what advantages & disadvantages there are associated with it

W.I.L.F: You to create a suitable advert for the sale of a

franchise

Starter Activity• What are the various businesses organisations that we

have done?

• What is an entrepreneur?

• What are the characteristics of an entrepreneur?

• What are the two sources of finance called?

• List three finance methods associated with each

What is a franchise?

• Involves paying a fee & agreeing to produce goods exactly in accordance with the franchise company’s policy

• Payments are made on a regular basis depending on profits made

• Training & supervision are provided

Your task

• Create a newspaper advert selling a franchise

• Example:Mc Donald’s largest restaurant for sale as a going concern to suitable franchisee(address)Excellent trading figures, full training provided. Price £375,000