Tag - Frab

How to start a franchise in Nigeria

How to start a Franchise in Nigeria

HOW TO START A FRANCHISE IN NIGERIA According to Investopedia, A franchise is a type of license that a party (franchisee) acquires to allow them to have access to a business’s (franchisor) proprietary knowledge, processes, and trademarks in order to allow the party to sell a product or provide a service under the business’s name. In exchange for gaining the franchise, the franchisee usually pays the franchisor an initial start-up and annual¬†licensing fees. Franchising occurs when a business wants to increase [...]