appearance of well-known foreign fast food chains like KFC‚ Lotteria‚ and Jollibee. With the passage of several franchise laws and decrees‚ franchising businesses have become more widespread in recent years‚ with a number of well-known foreign and domestic franchise brands operating in the market. And while Vietnam’s entry into the World Trade Organization in 2007 heralded the opening of the retail sector to foreign investment‚ the slow and bureaucratic approval process for retail licenses has made
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Restaurants may be classified or distinguished in many different ways. The primary factors are usually the food itself (e.g. vegetarian‚ seafood‚ steak); the cuisine (e.g. Italian‚ Chinese‚ Indian‚ French‚ Thai) and/or the style of offering (e.g. tapas bar‚ a sushi train‚ a tastet restaurant‚ a buffet restaurant or a yum cha restaurant). Beyond this‚ restaurants may differentiate themselves on factors including speed (see fast food)‚ formality‚ location‚ cost‚ service‚ or novelty themes (such as
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Work Breakdown Structure (WBS) Introduction Kathy Kudler‚ the Founder‚ continues to take a major role in the store operation. Kudler Fine Foods took a six month planning period before the project start. The stores organizational structure‚ while very personal‚ is a perfect picture of organizational structure. This structure clusters people with similar skills into the same department. Kudler simplifies this by incorporating different departments into a single whole‚ Kudler fine
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KFC FRANCHISE OPPORTUNITY I. Initial Start up Costs and Franchise Fees (USA‚ Some financial rquirements vary from country to country) Total Investment: $1‚200‚000-$1‚800‚000 Initial Franchise Fee: $25‚000 Royalty Fee: 4%/ year Advertising Fee: N/A Term of Agreement: 20 years Renewal Fee: $4.9K Owned By: Yum! Brands Required to purchase multiple units/ master licenses KFC‚ Pizza Hut‚ Taco Bell‚ A&W Restaurants Multibranding encouraged when feasible Financing: Third Party Financing
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burger restaurant that serves everything from breakfast sandwiches to tacos and egg rolls. Jack in the box was founded in 1952 by a business man named Robert O. Patterson who opened the first Jack in the Box in San Francisco‚ California. The restaurant first started off as a drive-thru only place that served burgers for just 18 cents to motorist on the highway. Now the restaurant and their trademark clown are among the nation’s leading fast-food hamburger chains with over 2‚200 restaurants in 19
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FRANCHISE Case Study 1: Intro to Business ____________________________________________________________________________ FRANCHISE Case Study Questions: 1) Discuss the benefits and drawbacks of opening a franchise. (6 marks) The benefits of opening a franchise is that the franchisor would provide support‚ assistance and training; they would have a recognized name and products and; opening the franchise would be a reduced risk to the franchisee. The drawbacks of opening a franchise is that
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Franchise Agreement Contents Clause 1. Introduction 2. Grant 1 3. Development & Opening Obligations 4. Hardware & Software 5. Training & Guidance 6. Trade Marks 7. Relationship & Parties 8. Confidential Information‚ Non-Compete & Data Protection 9. Operating & Franchised Business 10. Marketing 11. Records & Reporting 12. Inspection & Audits 13. Transfer 4 Page FRANCHISE AGREEMENT I. XYZ Ltd (Reg. No…..) whose registered office is at 21 High Street‚ Road ---‚ someplace‚ (‘We) II. ABC Ltd (No…)
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For just six years‚ this firm has grown into multi-award winning international mobile car wash franchise system. In order to expand their global market‚ Ecowash Mobile provided franchise business strategy to build a team of entrepreneurs among Australia and several foreign markets. There are over 50 mobile units servicing in Australia and leading firm self as the no.1 mobile waterless car washing franchise in this country. Furthermore‚ since ecowash mobile is expanding internationally‚ the organization
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McDonald’s started its franchise in India in 1995. McDonald’s signed a 25-year joint venture agreement with two partners named Amit Jatia and Vikram Bakshi. Vikram Bakshi has been the corporate face of McDonald’s in India last 18 years. Amit Jatia‚ vicechairman of Westlife Development Company that now controls Hardcastle‚ . Bakshi was given north and east‚ Jatia west and south part of india. Both of them work completely in opposite direction. If Bakshi is all outrage‚ Jatia is all poise. If
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Is it better to buy a franchise than starting your own business? 2013/12/15 Going into business is a big decision for many aspiring entrepreneurs. One way is to start a business from scratch; the other way is to buy a franchise with a well-known brand name. Each one of these alternatives has its cons and pros. When the choice has been made the next question becomes what kind of business to choose (Ralph‚ 2013). There are so many different options to choose
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