Tooltips Archive - Page 28 of 32 - The Franchise Trainer
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December 19, 2019
Business Valuation

A process of determining the economic value of a franchised business for the purpose of partial or whole re-sale of the business and private equity, and initial public offerings.

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December 19, 2019
Business Profile

An overview of the prospective franchisee business covering business history and background, business values, vision and mission statement, company principal(s) and management team experience, corporate strengths and experience and knowledge of the local market in addition to financial qualification and available capital to invest in the franchisor’s brand in the target market.

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December 19, 2019
Business Plan

A document that summarizes the operational and financial objectives of a franchise business and covers financial plans and budgets, showing how the business concept will be replicated in a new market or area and the objectives are to be achieved.

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December 19, 2019
Business Opportunity

(BizOpp) A term used to differentiate franchising from other business relationships or investments where the seller does not exercise control over the buyer’s business operations.

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December 19, 2019
Business Model

The core aspects of a business, including corporate culture, mission, vision, strategies and objectives, managerial infrastructure, lines of products, and services and offerings, supply chain, size and design of the franchised unit, business processes, trading practices, standard operating procedures, marketing and promotion and target customers.

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December 19, 2019
Business Geographical Customization

(Sometimes called “Localization, Acclimatization or Tropicalization” The process by which a franchisor restructures element of the business concept and franchise model to be adapted to a local context and meet the variables in a specific target market.

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December 19, 2019
Brokerage or Commission Fees

A fee charged by afranchise broker or marketing company to facilitate franchise sales.

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December 19, 2019
Breakaway Franchisee

A franchisee who has terminated the franchise agreement without any consultation with the franchisor.

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December 19, 2019
Breach or Default

The failure of either the franchisor or the franchisee to abide by the terms of the franchise agreement.

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December 19, 2019
Brand-Oriented Franchise

Designer franchise businesses which enjoy the power of its brand name as the main competitive advantage and primary drive behind its international expansion. A good example of brand-oriented franchises are Armani, Givenchy, Versace, Valentino, and Christian Dior.

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