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Masja [62]
3 years ago
10

Nathan started the first outlet of dynamix gym in new york city in 1995. the business expanded over time, and he became the owne

r of a chain of gyms in new york state. though the business had potential to expand outside new york, nathan did not want to take the risk or responsibility. hence, he decided to sell the license to own and operate gyms under the brand name dynamix gym to independent owners. in return, he charged them an initial fee and a small share in the monthly profits. in this scenario, nathan is a(n) _____.
Business
1 answer:
abruzzese [7]3 years ago
3 0

Nathan is considered to be a franchiser. A franchiser is being defined as someone who owns an overaching company or trademarks and products in which they give a right to the franchisee to be able to run the franchise’s location in which is agreed with a fee.

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