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A franchise fee is a fee or charge that one party, the franchisee, pays another party, the franchisor, for the right to enter in a franchise agreement. Generally by paying the franchise fee a franchisee receives the rights to sell goods or services, under the franchisor's trademarks, as well as access to the franchisor's business processes.
In 2013, Quick Quack Car Wash was named the "Best Car Wash" by Sacramento Magazine. [10] [9] It also took the award in 2011 and 2012. [9] [11] Quick Quack Car Wash won the 2011, 2012, and 2013 award for "Best Car Wash" by the Amarillo Globe-News. [12] [13] In 2012, ColoradoSprings.com gave Quick Quack Car Wash the Gold award for its car wash ...
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A franchise is merely a temporary business investment involving renting or leasing an opportunity, not the purchase of a business for the purpose of ownership. It is classified as a wasting asset due to the finite term of the license. Franchise fees are on average 6.7% with an additional average marketing fee of 2%. [10]
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By 2007, the company operated 38 car washes, some of which included gas stations and convenience stores. [2] That year, Odermat was inducted into the Car Wash Hall of Fame. [2] In 2018, viewers of Evening Magazine voted the chain the "Best Car Wash in Western Washington". [7] It was ranked as the 12th largest car wash chain in the United States ...
The average cost to license a Starbucks store is $315,000. You’ll also need $700,000 in liquid assets to be considered. What Is the Concept Behind Licensing Instead of Franchising?
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