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Franchise Owned : What Is A Franchise And How Does It Works?



franchises owned

Franchise owned : A franchisee is an independent small company owner who owns and operates a franchised retail shop.

The franchisee has so acquired the right to use an existing business’s trademarks, associated brands, and other proprietary knowledge to advertise and sell the same brand while adhering to the same standards.

What Does It Mean to Be a Franchisee?

franchises ownedA franchisee is a small-business person who owns and operates a franchised firm.

The franchisee pays the franchisor a fee in exchange for the ability to use the company’s proven success, trademarks, and intellectual expertise.

The franchisor provides the franchisee with ongoing supervision and support.

The franchisee markets and sells the same brand as the original company and adheres to the same standards.

Franchisees: An Overview

Franchises are a very popular way to do business. In most cities, it’s difficult to drive more than a few blocks without spotting a franchise business.

McDonald’s (NYSE: MCD), Subway, United Parcel Service (NYSE: UPS), and H. & R. Block are examples of well-known franchise business concepts (NYSE: HRB).

Franchise business opportunities are accessible in a wide range of industries in the United States.

One alternative for a company that wants to get greater market share or expand its geographic presence at a minimal cost is to form a franchise for its product and brand name.

The franchisor is the company that sells the licence to use its brand and concept to others.

The franchisee is a person who invests in the original firm by obtaining the right to sell the franchisor’s goods or services using the franchisor’s existing business model and trademark.

A franchisee’s and franchisor’s relationship is fundamentally one of advisee and advisor.

The franchisor provides ongoing direction and support in areas such as hiring and training employees, opening a store, advertising its products or services, sourcing supplies, and so on.

To begin, the franchisor assigns the franchisee an exclusive area where no other franchises in the same underlying business already operate, preventing competition and assisting in the franchisee’s success.

The franchisee normally pays a startup fee plus a percentage of gross revenues to the franchisor in exchange for the franchisor’s advisory role, use of intellectual property, and experience.

Franchisee Advantages

Operating a franchise could be a good fit for certain inexperienced entrepreneurs because:

Opening a franchise is frequently less expensive than starting a business from the ground up, so franchisees need very little money to get started.

Consumers may be familiar with the franchise and have benefited from its advertising initiatives; and

Because franchisors tend to closely supervise their new franchisees, franchisees often receive a lot of assistance.

Responsibilities of the Franchisee

A franchisee must adhere to the established business model, as it aids in maintaining a similar state of operations across all enterprises operating under the same brand name.

Within its exclusive region of operation, the franchisee is responsible for growing the franchise using traditional forms of promotion and marketing.

Before being released to the public, however, all marketing initiatives must comply with and be approved by the original establishment.

The franchisee is expected to safeguard the franchisor’s brand name as the franchisee’s manager by offering only approved products and services that are tied to the original company’s brand name.

McDonald’s is an example of a franchisee.

McDonald’s, the fast-food multinational, has a worldwide presence thanks to its franchises.

McDonald’s was created in San Bernardino, California, by the McDonald brothers in 1940.

In 1955, Ray Kroc, a forerunner of today’s McDonald’s Corp. (MCD), opened the first formal franchise for the McDonald’s System, Inc. in Des Plaines, Illinois (a suburb of Chicago).

McDonald’s has 39,198 restaurants in 119 countries at the end of fiscal year 2020, with 93.17 percent of them being franchised.

As a result, the business has 36,521 franchisees. Franchisees will own 95 percent of McDonald’s locations in the long run, according to the firm.

McDonald’s either owns the land and buildings utilised by franchisees or rents them for long periods of time.

As part of the franchisee’s contractual agreement with the company, the franchisee contributes a portion of the required capital by making an initial investment in the company’s provided equipment, seating, décor, and signage in the location.

McDonald’s requires a 25% downpayment (of the total cost) from prospective franchisees for the purchase of an existing restaurant, with at least 25% of the downpayment made in cash.

The McDonald’s franchise story’s legendary success is due in part to the company’s commitment to maintaining identical menu standards across all of its locations.

A Big Mac in Los Angeles should and does equal a Big Mac in London in terms of quality.

Franchisees make their own pricing and personnel decisions while benefiting from McDonald’s brand equity and global experience.

Most Commonly Asked Questions

Is a franchisee a business owner?

Although the type of business they operate is a franchise, a franchisee is considered a business owner.

According to the franchise agreement, this can limit the scope and autonomy of what the business owner is allowed to accomplish.

A McDonald’s franchisee, for example, is prohibited from selling Burger King products and is required to utilise the official McDonald’s logo and branding.

Is there a difference between a franchisee and a franchisor?

No, the franchisor is the company that owns the brand or business being franchised’s intellectual property, patents, and trademarks.

A franchisee purchases the rights and licences to run a franchisor’s location.

Is it possible to fire or remove a franchisee?

Yes, if a franchisee violates the franchise agreement’s provisions or covenants, they may be fired without cause.

A non-for-cause termination can be challenged in court as an unjust termination of the franchise.

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Cara Delevingne Does Hollywood Glamorous on the 2023 Oscars Red Carpet



Cara Delevingne

Cara Delevingne Makes Her Oscars Red Carpet Debut in an Eye-Catching Gown featuring a Thigh-High Slit
Delevingne will also serve as a presenter at tonight’s show. Cara Delevingne brought an old Hollywood glamour to Sunday’s 2023 Oscar red carpet.

At this evening’s award show, The Only Murders in the Building star, who is presenting, looked stunning in her daring red Elie Saab gown and Bulgari jewels. Her one-shoulder dress featured a thigh-high slit that showcased her platform Stuart Weitzman heels.

Delevingne took her glamorous style to the next level with a shimmery eye and bright rosy lip, finishing off with her hair pulled back off her face for an effortlessly stylish finish.

Delevingne, styled by Mariel Haenn and Rob Zangardi, got ready for her big night with hairstylist Danielle Priano and makeup artist Hung Vanngo. Vanngo used NakedBeauty MD Damsk Rose Revitalizing Gold-Infused Hydrogel Eye Masks to hydrate and plump Delevingne’s eyes – the ideal start to a glamorous night and the foundation for her makeup look.

Delevingne has been making waves on red carpets this awards season. She looked stunningly glamorous on the 2023 SAG Awards red carpet.

At the award show, model-actress Carolina Herrera, 30, stunned in an eye-catching long sleeve jumpsuit featuring plunging neckline decorated with large rosette appliques from their Fall/Winter 2023 collection. Additionally, this designer piece featured an overskirt which the star proudly showed off while walking down the red carpet.

Delevingne finished off her ensemble with black satin Casadei platform sandals and an amazing 74.73 carat necklace made of De Beers diamonds!

“Excited to be attending my first @sagawards tonight as part of the nominated cast of @onlymurdershulu!” she posted on Instagram alongside a picture of herself wearing the award show look.

Before the event, she shared on her Instagram Stories a behind-the-scenes glimpse of her beauty prep with Dior Beauty and celebrity esthetician Sarah Akram. To top it off, she donned bold brows and an intense red lip for full glam perfection.

Stay ahead of the curve with PEOPLE magazine’s best content, from captivating celebrity news to heartwarming human interest stories. Sign up now and stay in the know.

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Delevingne has never shied away from making daring fashion statements at red carpet events. Last year, she graced the MIPCOM 2022 Fremantle photocall in Cannes wearing a flowy black minidress with sweetheart neckline and cutouts, paired with black heels with ankle-cuff detail and delicate jewelry. Delevingne kept her makeup understated but glamorous with a nude lip and glowing cheeks.

Cara Delevingne Reveals She Cried Watching Rihanna Perform at Super Bowl: ‘I Felt So Proud’

Cara Delevingne

Cara Delevingne

The Only Murders in the Building star chose soft waves for her hairstyle, giving off an effortless aesthetic that complemented her breezy dress perfectly.

Delevingne also donned an all-black ensemble when she hit the red carpet at Paris Fashion Week last September.

Delevingne had earlier missed a New York Fashion Week event to honor her collaboration with late designer Karl Lagerfeld, Cara Loves Karl. However, she was present at the Paris party to commemorate this momentous milestone.

Delevingne donned an oversized tuxedo blazer adorned with a harness belt bearing her late designer’s name and atelier address. Finishing off the ensemble were red lips and thigh-high black boots.

On Thursday morning, Delevingne debuted another Cara Loves Karl ensemble on Instagram with a carousel of photos featuring an elegant black blazer, matching pants and classic pointed-toe pumps. She chose not to wear a blouse underneath the blazer to show off its plunging neckline.


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LA Outfielder Draws Shohei Ohtani and Justin Bieber Comparisons | Angels News



Draws Shohei Ohtani

Draws Shohei Ohtani: Over the last couple of seasons, few MLB stars have garnered as much attention as Shohei Ohtani of the Los Angeles Angels. His production and dominance on the field has not been replicated in recent history and he looks set for possibly the largest contract ever when he hits free agency.

Being an international athlete from Japan, some might say his stature grows twice as fast as the average professional athlete. He’s currently representing his home country in the World Baseball Classic and they have yet to lose an official game with him leading the charge. If he can even grow any bigger than this right now, imagine what kind of legacy his name will carry if Japan were to win this entire tournament!

Draws Shohei Ohtani

Draws Shohei Ohtani

Ohtani has long since outgrown the title of professional baseball player, and more accurately describes himself as a global icon. Despite never making the playoffs thus far in his career, opposing franchises know what to expect when they encounter him on the field.

Bieber has sold approximately 150 million records during his music career and earned 26 Billboard Music Awards. He has performed on multiple world tours across various parts of Europe, further increasing his international fame.

Whitefield’s comparison of Ohtani to Bieber is a fitting compliment, given that Ohtani has only been with the Angels since 2018 and Bieber first burst onto the pop scene in 2010.

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Malaysia Denies Hong Kong Historic Asian Games Double Double in Squash



Malaysia Denies Hong Kong

After Hong Kong China upset India 2/0 to secure the women’s Asian Games Team Championship Squash title for the first time ever, Malaysia denied them a historic double by coming from behind and winning 2/1 in an exciting men’s final at Gelora Bung Karno Sports Complex in Jakarta, Indonesia.

The women’s final was a repeat of a qualifying tie 48 hours earlier in which Hong Kong, the second seeds, prevailed 2/1 over third seeds India to take pole position in Pool B.

India won the rematch in the final after pulling off an incredible upset, ousting defending champions Malaysia – led by newly-crowned ‘Greatest Player of All-Time’ Nicol David – who were seeded to take gold for a third consecutive time.

Unfortunately for the third seeds, Sunayna Kuruvilla could not reverse the outcome as she lost four games to Ho Tze-Lok before talented left-hander Annie Au secured gold for Hong Kong by defeating Indian top string Joshna Chinappa 11-3, 11-9, 11-5 in 28 minutes.

“HK team manager Rebecca Chiu expressed her pride in the girls,” who played well under pressure, adding, “I’m delighted for them and they certainly deserved this success.” Pictured above is the women’s presentation group from the 2002 Asian Games – congratulations!”

Hong Kong and Malaysia both advanced to the Jakarta men’s final unbeaten, hoping for their first-time title triumph.

At one point, it appeared a double was on the way when Yip Tsz Fung put Hong Kong ahead with four games to one over Malaysian Ivan Yuen after coming through an epic 20-18 second game.

With Malaysia on the brink of a thrilling comeback, team number one Nafiizwan Adnan (pictured above celebrating his triumph) defeated higher-ranked Max Lee 11-9, 11-7, 11-7.

Malaysia’s second string Eain Yow Ng – at 20 years old the youngest player in the squad – had never faced off against Hong Kong opponent Leo Au, the 2018 men’s individual gold medalist.

But in his biggest match yet, the young Malaysian truly came of age when he shutout Au in three games – 11-7, 11-7 and 11-4 – over 36 minutes to bring home gold for Malaysia.

“As a team,” exultant Ng (pictured above with his team-mates in the men’s presentation group) after their seventh consecutive win in the championship. “We came into this tournament knowing that we could win and it proved true for us.”

“I always felt confident that Nafiizwan would deliver a point for us and was just focused on my own game. However, I also did my homework well – doing lots of video analysis and beating the individual champion despite not playing in it!”

“I didn’t want to give up in my third Asiad without a fight. After being on the losing team twice already, I really gave it everything I had. Of course there was pressure when Ivan lost, but pressure is like dessert and that’s something that excites me!”

On Squash team finals day at Gelora Bung Karno Sports Complex, IOC President Thomas Bach was honored as guest of honor. Pictured below, Bach can be seen receiving a presentation from Asian Squash Federation President David Mui (far right).

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