3. A big thanks to all…
Specially to our honorable course teacher…
Today our presentation topic is:
Franchising Business
4. Franchising is a particular type of business using another
firm's successful business model. The word 'franchise'
came from French language “franc” which means “free”.
Definition of Franchising Business.
5. Franchising Agreement
A Franchise Agreement is a legal, binding contract
between a franchisor and franchisee. A franchise
agreement contents can vary in content depending
upon the franchise system, the state government laws
of the franchisor or franchisee.
6. Franchising In Bangladesh
A lot of franchising business have been established
in Bangladesh. All of them are highly popular and
our people accepted them well.
Some of the famous franchising business examples
of our country are KFC, Pizza Hut and Domino’s
Pizza.
7. Terms Of Service
KFC of North Corbin, Kentucky is the operational headquarter of
KFC. It makes the contracts with all the franchisees. According to
the franchising deed, KFC, Dhaka will be bound to keep the
standard of their dishes. For this reason they provide training to
the cooks and the recipes, to maintain the standard worldwide.
8. Royalty and Other Fees
According to the Majharul Islam, manager of KFC, Baily Road,
they paid approximately $50000 as royalty. This money covers
opening costs, license fee, equipment payments. The franchisee
needs to arrange a suitable place and also ensure safety to the
customers. A nice place and safety is conditioned by the
franchisor.
9. Location and Safety
Franchisee needs to set up his business at a place
which is easily accessible from most of the areas
around that place. And they must ensure safety to the
customers. As KFC is situated at Gulshan, Baily Road,
Dhanmondi and Kakrail.
10. Original Food Menu and Recipes
KFC provides the food menu items as like the main KFC and
they follow the original recipes which are provided by the
franchisor. This is done in order to keep the food value same all
over the world and to ensure the same taste to their customers.
