Master Franchisee: Be Your Own Boss
Master franchising permits the business owner to build up a large, enormously lucrative business within a comparatively short time, thoroughly filling his territory with new locations, and, at the same time, making income by royalties and franchise fees. Both the franchisor and the franchisee could have great benefits from this. The master franchisee enjoys more than a few benefits. Let us look at few of them. As the master franchisee, you would draw a very significant long-term residual income by gaining royalties from all of your franchisees. Once the franchisees are settled up, you could get the income for the rest of your life. The office space required for operating the business will not require a large office, staff, and other related costs since your key role and focus is to sell the idea. Meetings with probable franchisees could effortlessly be conducted at home, which, in itself, renders more rewards, when you consider the tax benefits of this system. You will not be re