Initial Purchase Requirement

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January 1, 1 6 min read Definitions

Franchise Franchisor Franchisee Business Structure Real Estate Brokerage Business Model Initial Purchase Requirement Ongoing Percentage Fee Training and Support Services

A franchise is an arrangement between a franchisor and franchisee where the franchisee acquires the right to use the franchisor’s business model, brand, and support in exchange for a fee. This often includes both an initial fee and an ongoing percentage of the franchisee's gross sales.