What is the difference in franchising and licensing?
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Lets use examples.  Say you want to start a restaurant, but don't have the money to do it yourself.  You would buy a franchise, and the company you get the franchise from builds it and you run it, using their name, paying a portion of the profits until it's paid for, and then you own the business, then you can change the name because it's yours.\nNow for licensing.\nWhen you buy software, you are really only licensing it.  You will never really own it.
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Here are some tips. For detailed information go to sba link below.  Good Luck!\n\nBefore you begin writing your business plan, consider four core questions: \nWhat service or product does your business provide and what needs does it fill? \nWho are the potential customers for your product or service and why will they purchase it from you? \nHow will you reach your potential customers? \nWhere will you get the financial resources to start your business?\nWriting the Plan  \nWhat goes in a business plan? The body can be divided into four distinct sections: \n1) Description of the business \n2) Marketing \n3) Finances \n4) Management \nAddenda should include an executive summary, supporting documents, and financial projections. \nAlthough there is no single formula for developing a business plan, some elements are common to all business plans. They are summarized in the following outline: \nElements of a Business Plan\n              1. Cover sheet \n2. Statement of purpose 3. Table of contents \n                I. The Business \n               A. Description of business \n               B. Marketing \n               C. Competition \n               D. Operating procedures \n               E. Personnel \n               F. Business insurance \n               II. Financial Data \n               A. Loan applications \n               B. Capital equipment and supply list \n               C. Balance sheet \n               D. Breakeven analysis \n               E. Pro-forma income projections (profit & loss statements) \n               Three-year summary \n               Detail by month, first year \n               Detail by quarters, second and third years \n               Assumptions upon which projections were based \n               F. Pro-forma cash flow \n          III. Supporting Documents \n               Tax returns of principals for last three years Personal financial               statement (all banks have these forms) \n               For franchised businesses, a copy of franchise contract and all                 supporting documents provided by the franchisor \n               Copy of proposed lease or purchase agreement for building space                \n               Copy of licenses and other legal documents \n               Copy of resumes of all principals \n               Copies of letters of intent from suppliers, etc.
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http://www.bodellconsulting.com/restaurantplans.htm\n\nHere's a whole new structure that seems to be gaining in popularity that is an option to franchising. It's called licensing. I'm utilizing this structure to offer several Turn-Key Restaurant Plans I now have available.\n\nBrandon O'Dell\nO'Dell Consulting\nRestaurants/Retail/Bars\nbodell1@cox.net\n(316) 390-6598\nhttp://www.bodellconsulting.com\n\nFree initial consultations
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huh? You mean of a business you already have? A franchise means an offshoot of an existing business, like you can buy a McDonalds or Quizno's Or Kinko's franchise.
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A Chain is owned by a single company where as franchise rights are purchased by people.  Hence, Pizza Hut (a franchize) stores aren't owned by Pizza Hut headquarters, but they take a percentage of the profits from each of the Pizza Hut store owners.  Which means that both you and I can buy the rights to open our own Pizza Hut.
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A franchise is not something you can run "on the side." They are fairly expensive, and the franchisors demand full commitment to the business. \n\nTotal investment for Subway, for example is estimated to be between $70K-$120K http://www.entrepreneur.com/franzone/details/1,5885,12-12---282839-1,00.html?section=costs -- that is not the type of money for an "on the side" business. Supercuts is even more expensive, with startup costs between $107K-170.1K. http://www.entrepreneur.com/franzone/details/1,5885,12-12---282848-1,00.html?section=costs Plus you've got franchise fees and other monthly fees you need to pay out.\n\nIf you need a business on the side, you may want to check out the home businesses listed in the article "10 Weekend Home Businesses" http://www.powerhomebiz.com/vol67/weekend.htm as these are the types of businesses that you can easily do a few days a week or over the weekend.
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You should access the main web site of the hotel that you wish to create a franshise with -- if they offer franchises they will have a link.  If that fails, you should contact the hotel directly.\n\nFailing that, you could access a franchise offering site like http://www.franchisesolutions.com/index.cfm/fa/matrix/subcat/140 to see what is available.
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I recommend the following books for greater information:\n\n- Franchise Bible : How to Buy a Franchise or Franchise Your Own  \n- Tips & Traps When Buying a Franchise  \n- Franchising for Dummies  \n- 220 Best Franchises to Buy : The Essential Sourcebook for Evaluating the Best Franchise Opportunities  \n- Franchising 101 : The Complete Guide to Evaluating, Buying and Growing Your Franchised Business  \n- The Franchise Kit/a Nuts-And-Bolts Guide to Owning and Running a Franchise Business  \n- Franchising: Pathway to Wealth Creation \n\nMy favorite sites to get franchising information:\n\nInternational Franchise Association http://www.franchise.org/\nEntrepreneur.com http://www.entrepreneur.com
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There IS no typical way, it's negotiated depending on your bargaining position vs. the seller's, which (since the seller won't be helping on operations) will be driven by how much the seller has into the business vs. what you bring to the table.  Seller wants out of operations so one big thing you bring to the table is your willingness to take over operations -- use this to ask for over 2/3 of the profits.  But seller may not agree to this if s/he has personally guaranteed restaurant obligations or has put a lot of money into it.\n\nOn how much typically gets put in, that will depend on what kind of restaurant it is and where it's located.  Here's some more info you need to make a rational decision....\n\nAny franchisor has to give a franchise circular (generally known as a UFOC, i.e., uniform franchise offering circular) to the franchisee.  Get a copy of that from the seller.  Get copies of all financials for the past 3-5 years and interim financials for 2006 (Jan and Feb 2006).  The financials will help answer this question, but ask how much money the seller has personally put into the franchise since starting it.  Also ask whether s/he has personally guaranteed any loans, leases or other restaurant liabilities, and whether you'll be expected to do the same.  Be extremely careful/skeptical if you're expected to personally guaranty anything because often times a seller will want the buyer to do this so the seller can get off personal guarantees, leaving buyer holding the bag.  Ask if the restaurant is in default on any liabilities.  Ask if there are any outstanding lawsuits against the restaurant.  \n\nYou need a lawyer (and maybe also a CPA) to help you -- no way you should proceed without one, you could really get burned.  I'd contact a corporate lawyer in your area who has experience with franchise purchases.  Generally speaking, you'd be looking at someone from a smaller firm since big firms charge a lot.  Good luck.
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Where are you going to open this business?\nYour location is extremly important.\nTake a close look at Franchising fees.  Compare these fees\nto others like Cold Stone Creamery, and Maggie Moos.\nDo you need the franchise?  What kind of training do they provide?\n\nThe number one rated franchise for years is Subway.  \nMaybe you would rather serve ice cream than eat fresh but look at all of your options.\n\nI find that dessert franchises tend to only last around 3-5 years before the next dessert trend comes along.  Frozen yogurt is on its way out. (My Opinion)
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There are too many to list. Read the two lists. I think you are looking for what is listed under NBC. \n\nThe second link covers what I would consider to be "franchises."
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The license you need depends on the type of business you want to do.\nYou should seriously consider if you really want to have a sole proprietorship. This type of business structure will not protect your personal assets from litigation.\nThe cost of an LLC or an S Corp is well worth the protection it provides.
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You'll probably need the business license, too, depending on what you need to show proof of ownship for.
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I assume that you're talking about joining an existing chain, rather than franchising out your own new chain, right?\n\nIf that's true, there are different requirements for each chain.  You should contact the individual companies to learn if they are selling franchises, and if so, what costs are.  There is not a standard fee for all of them.  They each set their own requirements.  However, I suspect it is quite expensive if it's anything like franchises in other businesses. \n\nBest of luck to you.
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Acquire a license of affiliation/franchise from the company .
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i'm pretty sure that liquor licenses are actually issued to an establishment, rather than to an individual person, whereas a nursing license is held by an individual.\n\nthere's certainly no reason why someone couldn't own an establishment with a liquor license while also being a qualified and licensed nurse.
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FRANCHISEE*********LETS YOU   "OWN"   THAT   BUSINESS\n\nLICENSEE*******LETS YOU  "OPERATE"  THAT  BUSINESS