Homework Assignment #4 – Due 10/25
This assignment is associated with Chapter 8 – Franchising & the Entrepreneur. Here is your assignment.
You have up to $1.5 million to invest in a franchise. Your assignment is to tell us whIch franchise you would buy and why. (If you have interviewed or written about a franchise for a past assignment, please select a different franchise for this assignment.)
Please be sure to “demonstrate that you have conducted research to find the best investment and fit for you. You can interview a franchisee, contact the franchiser, conduct research, contact a trade association or government agency, etc..
Please be sure to incorporate Chapter 8 concepts in your write-up. Specifically,
The type of franchise you are considering is it trade name, product distribution or pure franchise?
The advantages and disadvantages of this specific franchise.
The cost to purchase the franchise and any equity requirements
Anticipated annual sales and profits
The assistance/support provided by the franchisee.
The terms of the franchise and which ones are of concern to you.
The potential market for the product
Whether there are protections in place for you with respect to other locations from the franchise opening up near you
An evaluation of yourself as a franchisee (Appendix A: A Franchise Evaluation Checklist)
The assignment is meant to demonstrate your knowledge and understanding of chapter concepts – and your ability to apply what you have learned to the “real world.”
AS A REMINDER, THE SYLLABUS OUTLINES THE FOLLOWING REQUIREMENTS FOR A HOMEWORK ASSIGNMENT:
To be considered for full credit, you must, submit a single-spaced, one-page response.
The font should be set at 12.
Margins must be set at -inch top, bottom, and sides.
Please do not retype the question to add space.
Please submit as a WORD document, so that you can run spell check and you can set the proper margins, spacing, and font size.
YOU MUST ANSWER THE QUESTIONS IN YOUR OWN WORDS. DO NOT COPY ANYTHING FROM THE TEXTBOOK OR ANY OTHER SOURCE.
