GREY:CVHIF - Post by User
Post by
brentski99on May 07, 2019 3:26pm
74 Views
Post# 29721358
Somebody other than me here understands franchising!
Somebody other than me here understands franchising!- Everything that goes into the store is supplied through the franchisor
- Product is bulk bought by Franchisor at a discount and marked up to Franchisee
- All billing is done by Franchisor
- Franchisor maintains lease,controls advertising and all PR
- Franchisee fee up front at least 100% over cost of store setup (much more as time goes on)
- Ongoing monthly royalties based on % of sales
- After successful launch of stores in California - Master Franchises can be sold in other states
Franchising is the most cost effective and efficient method of expansion in the business world. I think that VCAN may be unique in persuing this method of expansion in the cannabis industry.