What fees do I pay when buying a franchise?

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When you’re buying a franchise, the franchisor will need to provide you with a Disclosure Document and a Franchise Agreement. These documents should outline the fees payable by you to the franchisor. There is usually an initial franchising fee which is a fixed upfront fee to cover basic training, marketing materials and any system support. This initial fee can apply when buying a new or established franchise. Other franchising fees can include; fit-out fees, ongoing training costs and legal fees. There are also ongoing franchising fees; these may be at a fixed rate, % of sales, % of profit or a combination. Always obtain professional advice when buying a franchise.  

Tags: franchisesforsale

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