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Third-party logistics has become an increasingly more popular franchise opportunity due to the quickly growing transportation industry [73] and low cost franchising. In 2012, Inc. Magazine ranked three logistics and transportation companies in the top 100 fastest growing companies in the annual Inc. 5000 rankings.
The FTC announced an update to the franchise Rule on January 23, 2007, becoming effective July 1, 2007. [2] The most recent version of the FTC franchise rule was in 2007, is printed in FR 2007a, pp. 15544–15575. After July 2008, all franchisors in the United States are to use the Franchise Disclosure Document with potential franchisees.
The Franchise 500 is an annual ranking of the top 500 franchising companies in the U.S. and Canada, compiled by Entrepreneur magazine through a submission and review process. [1] The ranking is based on an evaluation of each company's costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability. [2]
A franchise disclosure document (FDD) is a legal document which is presented to prospective buyers of franchises in the pre-sale disclosure process in the United States.It was originally known as the Uniform Franchise Offering Circular (UFOC) (or uniform franchise disclosure document), prior to revisions made by the Federal Trade Commission in July 2007.
After seeing success, Scudamore entrusted his friend Paul Guy to open the first 1-800-GOT-JUNK? franchise in Toronto in 1999, [18] [19] which is still the largest and most profitable location today. The first US franchise opened in Portland, Oregon , the following year, opening the door to 100 franchises throughout North America by 2004, and ...
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Many companies and organizations provide business opportunities and services to the poor by introducing scaled-down business concepts found in successful franchise organizations. Although it is sometimes seen as a new development in the social enterprise sector [ 3 ] that follows in the footsteps of microfinance and microcredit , a form of ...
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