Question

Unit 2 project 1

Answer 1

Unit 2 project 1

Finding a Franchise
There are a variety of ways to find out what franchises are available. Newspapers and periodicals, like trade magazines, are good places to look for franchise information. The Internet can also be a good source with websites like www.franchisedirect.com that list franchise opportunities. A simple Internet search will also tell you what is available in your area. You can also go to the web page of your favorite business and look for franchise information there. Once you have found the basic franchise information, imagine that your budget for a franchise is $100,000. Choose three franchises to compare and contrast using the chart below. When you have completed the chart, write a paragraph explaining which franchise you would choose to buy and why. Be sure to include specific examples in your paragraph to explain the reasoning behind your choice. Turn in both your chart and the paragraph explaining why you chose the franchise that you did.

TABLE 1 Franchise opportunity chart
Franchise 1 Franchise 2 Franchise 3
Name
Type of Business
Franchise Fee
Royalties
A Similar Business in Your Area
What Appeals to You about This Franchise
One Potential Challenge with This Type of Franchise
The Franchise I Would Choose and the Business Reasons Why