business franchise

What is a Franchise Business?

You may be having an impression that to own a business you must start it. Well, not exactly, you can even buy an already built business isn’t it? Yes you can and that’s where we have an option called franchise business. A franchise business can be explained from two perspectives, one from the franchiser -the one who sells the business and other from the franchisee -the one who buys the business. Well here don’t take the literal meaning of buying the business, because exactly its’ not the acquisition or buying shares of the business. By buying the business I mean buying the name, fame and brand of the business. Let’s look at it with an example
Suppose there is a company called “XYZ Systems Ltd.” and consider it has a product “productxyz” and it wants to expand its business throughout the world (or simply to any place whether it doesn’t have any business till date.) It can expand the business through franchises. It declares that it has started giving out franchises. Those who buy franchise are required to pay some amount as fee (remember you are buying the name and brand value) to the XYZ Systems Ltd. and also in some cases a yearly fee and also in some cases a percentage of profit you earn after launching the business in your city.

These fees are decided by the company itself. Suppose XYZ Systems Ltd decides that the joining fee should be $1 million, the yearly fee should be $20,000 and the percentage from profit should be 10%. Now suppose you find that the product of that company productxyz will have a lot of customers in your city then you buy the franchise. Here, now the company XYZ Systems Ltd. became the franchiser and you became the franchisee. Franchisee needs to pay all the fees prescribed and needs to abide by the rules defined by the franchiser. After buying the franchise you can sell the product under the name of XYZ Systems Ltd. If suppose you buy and make a profit of say $40,000 in 1st year then at the end of year you need to pay a total of:-

Franchise buying: $1,000,000
Franchise Annual Fee: $20,000
10% of profit: $4,000
—————
Total: $1,024,000
—————

This is for joining and the first year,
If for 2nd year suppose you made profit of $50,000 then you need to pay

Franchise Annual Fee: $20,000
10% of profit: $5,000
—————
Total: $25,000
—————

Generally the franchiser demands some amount of experience in handling business and financial stability to make sure that you are financial strong enough to sustain the failure in business. They guide you for some initial period to a great extent and you are like a part of them. Here there is a win-win situation for both because the franchiser is getting huge amounts in fee’s and a percentage of profit margin without doing anything besides training and helping the new franchisee’s and on the other hand the franchisee is making money by selling the product of franchiser under the franchiser’s rich brand value! XYZ Systems Ltd is very famous and people will come to your shop to get the productxyz. The success of franchisee depends largely upon the skills of the franchisee. For some people who want to own business in a very short time this is a very nice option as you don’t have to start from scratch.

I hope this post makes you understand what the franchise business is, contact me for any questions.

Fitness Gifts

Six of the Best Holiday Gifts for Fitness Needs: Under $250

Getting and staying in shape is something we all aspire to. Not all people have the time, money or inclination to go to a gym or health club regularly, but there are a number of stores that sell fitness equipment that can easily be used at home.
If you have people you love who want to improve their health. give them a gift that will start them on their way to better fitness.. If they are not “seasoned” exercisers, I recommend these products, all easible for people just beginning a fitness routine.

These Items Can be Found at FitBuy.com

FitBall Sport With Pump

The FitBall Sport is a professional-style exercise ball. It’s burst-resistant, which should be a relief to the occasionally accident prone or awkward, as well as weight-tested for up to 600 pounds, so it’s extremely sturdy and designed with safety in mind for its users.

Cost: Yellow 45 cm-$18.00
Red 55 cm-$20.00
Blue 65 cm-$23.00
Yellow 75 cm-$27.00

Walk Away the Pounds Fitness Kit

I’ve always heard that walking is really one of the best forms of exercise. As a matter of fact, after my husband’s heart attack 10 years ago, his doctor recommended that he walk regularly.

.Fitness guru Leslie Sansone has created the Walk Away the Pounds Book and Walk Away the Pounds Get Up and Get Started DVD, in which you actually end up walking the equivalent of a mile. Even those who are the most resistant to doing exercise can do it for just 15-minutes a day.

Cost: $49.95

Gaiam Trampoline Workout System

For people who prefer a low-impact workout, the Gaiam Trampoline Workout System is a wonderful way to get an effective cardio workout, as well as get your body toned up.
It has a safety handle and can hold up to 250 pounds of weight, so it’s fantastic for those who need to lose some pounds. A 35-minute, instructive DVD accompanies it.

Cost: $99.00

These Items Can be Found at FitnessQuest.com

Integrity® Air Rowing Machine

The Integrity® Air Rowing Machine is a pretty unique product, although it is probably best for those who can sit down in low seats easily.

It employs the use of air resistance that blows out from a large fan. It comes with a monitor that keeps track of your workout statistics and is not complicated to assemble.

Cost: $189.99 (subject to change)

These Items Can be Found at SeniorShops.com

You don’t have to be a senior to be able to use these products, but if you or the person you may buy these for have some mobility issues, these items will enable you to get a good, low-impact workout.

Pedal Exerciser

The Pedal Exerciser can be used as both a leg exerciser and arm exerciser. You can control the tension with a knob and it’s very easy to use.

Cost: $39.95

The Resistance Chair™ Exercise System

The Resistance Chair™ Exercise System.is a new and quite innovative pro duct.

It’s sort of like a mini-gym in the form of a chair, where exercise can be done while you are seated. Tone up your body with this safe and efficient fitness system that improves strength
balance and energy and can assist anybody at any fitness level with getting into shape.
The Resistance Chair™ can handle up to 400 pounds, so a person who is pretty heavy will benefit by using this product. The system includes the chair, step attachment, cables, anchors, back support, manual and DVD.

I believe this is well worth the price.

Cost: $239.70.

Safety First!

Make sure that you know whether or not it’s safe for your gift recipient to do certain kinds exercise before deciding which fitness product to choose for him or her.

To purchase this merchandise or to see other products they offer, please visit the websites for the stores mentioned, provided in my Resources section.