Franchise

4. entrepreneurs purchase the right to open and operate a location of a larger company.
5. total assets minus total liabilities
8. the name given to a person or corporate entity that owns a franchise business.
12. a fee that franchisors have to pay to the corporation. Usually a certain percentage of sales
13. the point at which a franchise takes in enough revenue to balance the investment costs. In other words, the point where it reaches a net profit and net loss of $0.
14. easy to start
15. a bank or financial institution that provides a loan
16. a collective pool of funds used by the franchisor to market the brand.

1. a term used by franchisors to refer to prospective franchisees who have contacted them about their franchise opportunity.
2. the turnover of ownership of a franchisee from one franchisee to another, from a franchisee to the corporate entity, or the the termination and closing of a franchise altogether.
3. the processes, procedures, and strategies employed by the business to provide the product and/or services to its customers.
6. ownership of a franchise business is moved from one party to another.
7. extension of the original franchise agreement
9. less control of business
10. the rebranding and modification of an existing business into a franchise unit
11. refers to a franchise agreement that has been terminated, not renewed, transferred, or the franchise business goes out of business.