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FRANCHISES, CO-OPS, AND NONPROFITS. FRANCHISE. BUSINESS MADE UP OF SEMI-INDEPENDENT BUSINESSES THAT ALL OFFER THE SAME PRODUCTS OR SERVICES . TO OWN ONE YOU BECOME A FRANCHISEE.
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FRANCHISE • BUSINESS MADE UP OF SEMI-INDEPENDENT BUSINESSES THAT ALL OFFER THE SAME PRODUCTS OR SERVICES
TO OWN ONE YOU BECOME A FRANCHISEE • SEMI-INDEPENDENT BUSINESS THAT PAYS A FEE FOR THE RIGHT TO SELL THE PARENT COMPANY’S PRODUCTS OR SERVICES IN A PARTICULAR AREA
Categories of Food Franchises • Fast – food • Pizza • Ice Cream • Smoothie franchises • Bakery & Donut
Top 10 Franchises in 2013 • Anytime Fitness (11) • Servpro(4) • Denny’s (7) • McDonald’s (6) • Pizza Hut (9) • Hampton Hotels (nc) • Subway(nc) • Jiffy Lube (15) • 7-Eleven Inc. (4) • Supercuts (14) http://www.entrepreneur.com/franchise500/index.html
Franchise Start-up Costs • http://www.franchisedirect.com/foodfranchises/14 • http://www.franchisegator.com/Top-Franchise-Lists/ • http://topfranchises.franchisebusinessreview.com/category.php?gclid=CKjAqIPKq6UCFQRM5Qodw1ygXg
Cooperatives • A type of business operated for the shared benefit of the owners, who are also its customers
Examples of Cooperatives • BJ’s (Consumer or purchasing Co-op) • Credit Unions (Service Co-op) • Ocean Spray (Farmers Co-op)
Nonprofit Organization • Acts like a business organizations, but its purpose is usually to benefit society Catholic Charities