What are two advantages of a franchise and why

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Reference no: EM131479289

1. What are 2 primary advantages of a franchise and why?

2. What are 2 primary disadvantages of a franchise and why?

3. If a small business applied for a bank loan money to finance the initial franchising process and start up, what factors would be important to a bank to decide whether to loan the money?

Scenario: CleanRite, a small business general partnership with 7 partners is a very profitable, successful business located in Baltimore. CleanRite wants to expand its business and is considering doing so by franchising within the US.

1. Analyze whether you would advise CleanRite to franchise the business by:

A. Presenting 2 positives for franchising this business.

B. Presenting 2 negatives against franchising the business.

2. After evaluating the positive and negatives, should CleanRite franchise or expand the business in some other way? Support your conclusion in depth.

Reference no: EM131479289

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