What is the Franchise Fee?
Monday 16th July 2018
You may be looking at franchises and notice that they list a fee. What is the franchise fee? What does it include?
A franchise fee is the fee you pay when you join a franchise. In return you are provided with a well known brand name, a proven business model, training and support. In addition extras such as equipment, clothing and marketing tools may also be included.
How much the franchise fee is, will depend partly on the sector and partly on what you are provided with. Although exactly what the franchise fee includes will depend on the franchise. What you will get in return for the your franchise fee will depend entirely .
Jim Mills Director of The Pest Company explains what the franchise fee is in the video below.
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