The Subway Franchise The Subway story started in 1965 in Bridgeport‚ Connecticut during the summer of 1965. 17 year old Fred DeLuca was trying to earn enough money to pay for his college tuition by working in a hardware store. He wanted a way to add money to his minimum wage salary. He got the solution at a backyard barbecue in a conversation with a family friend‚ nuclear physicist Dr. Peter Buck. With a $1000 loan from Buck‚ DeLuca opened Pete’s Super Submarine on August 28‚ 1965
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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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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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an exclusive franchise cake shop was conceptualized. Mr. H.T. Khorakiwala‚ the founder president of national association of bakery industry‚ who spear headed the operations‚ realized that to grow it was necessary to focus on production standards and distribution. The retail management was best left to the shop owners‚ who were in a better position to offer personalized service to the customers. The success of the first franchise cake shop sparked off a setting up of a chain of franchise cake shops
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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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analysis focuses on Subway Corporation‚ a submarine sandwich Franchise which is the fastest growing fast food franchise in the world. The Subway headquarters is registered and operates in Connecticut USA. In 1965 Subway a private company owned by Fred Deluca set a goal of having 32 stores in 10 years. With only16 submarine sandwich shops operating in 1974‚ Mr. Delica realized that his goals were unachievable and decided to Franchise his stores. That year the SUBWAY® brand was launched.
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Why Franchise. Franchising has attracted some 34‚000 people in the UK to invest in their future in self employment. Here are 15 reasons why franchises offer an attractive business opportunity. 1. Established brand value. Prior to launching a franchise‚ the franchisor has developed and established attractive and meaningful branding for the operation‚ and as the network of franchisees expands the national recognition of this brand grows. When a franchisee enters into a mature franchisee network
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setting up a franchise. Evaluate the success of franchises in Australia (refer to examples). There are significant differences between establishing a new business and setting up a franchise. Starting a business from scratch often takes a long time and a large amount of capital to accomplish‚ but the rewards can be substantial. A franchise is a business that is licensed to trade under a recognised brand name for payment of a fee (e.g. McDonalds‚ 7-11‚ etc). A franchisee purchases the franchise from the
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the Application the steps are complete your application‚ Dunkin’ Donuts franchise team will contact you after they review the application‚ receive and review Franchise Disclosure & Qualification Package‚ provide proof of citizenship or Permanent Resident/Alien Registration Card‚ provide proof of assets and credit check and initial financial review completed. In Business plan‚ once initial screening is complete meet the franchise manager‚ contact due diligence or talk with existing franchisees‚ select
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years and franchises‚ I started as an overnight counter-person up to management position. My goal is to own a Dunkin Donuts franchise. I also want to run the franchise‚ to deal with the day-to-day operations. I don’t want to just own it. With the experience and knowledge that I learned over my years working for Dunkin Donuts‚ I know that I will succeed as a franchisee. Dunkin Donuts was founded 65 years ago by a man named Bill Rosenberg. Five years after that he licensed his first franchise. Dunkin
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