Ron Gardner from Dady & Gardner has been featured in the Forbes article “How Franchisors Squeeze Money From Their Franchisees.”
Ron Gardner continues to help people by sharing his insight on how Franchisors are able to take money from Franchisees.
“Franchises seem simple enough—a company like McDonalds, Anytime Fitness or Supercuts sells the rights to open one of its businesses to an enterprising individual wishing to run one. That individual gets to leverage the franchise’s name-recognition and reputation to attract customers while taking advantage of the predetermined business model. All in exchange for startup payment and a cut of the till (generally between 3% to 10% of gross sales, depending on the franchise)…”
You can find the full article at: http://www.forbes.com/sites/karstenstrauss/2014/05/27/how-franchisors-squeeze-money-from-their-franchisees/