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List and briefly explain all three. Pipe Dreams is a franchisor of smoke shops, and was founded eight years ago by a noted tobacconist in New York City.
The concept for the shops is simple, yet sophisticated. It is simple in the sense that the shops sell only tobacco-related products, but sophisticated in the breadth and quality of the inventory they carry. The franchisee is expected to create a decor within predetermined standards that Pipe Dreams established.
Each franchisee must attend a three-day workshop, outlining the fundamentals of tobacco blending, the merchandising of pipes and cigars, and the techniques of successful business operation. The franchise contract requires the franchisee to contribute 1. According to the contract, Pipe Dreams will finance the required fixtures for the store for ten years.
In addition, the franchisor supplies all inventory at very favorable prices because it purchases in large quantities.
Ralph knows he can buy tobacco products from a variety of wholesalers. He also has some ideas on what would make a tobacco shop successful in this town. Ralph knows that Pipe Dreams franchisees have had a high success rate in the past. Help Ralph make a decision by outlining the advantages and the disadvantages of a franchise arrangement.
The Pride of Vicksburg Wallace Fry had been a lover of good food from the time he was a child. The only son of wealthy Southern parents, he spent hours with his mother watching her prepare meals for the family and friends.
By the time Wallace was in high school, he had already won a number of awards for his original recipes. After leaving Vicksburg, Mississippi, to attend college in the Midwest, Wallace returned home to what must have been an unbelievable graduation present.
His relatives purchased an old paddlewheel riverboat and had begun initial preparations to have it moored permanently at the foot of the Vicksburg landing on the Mississippi River. Wallace was presented with a 50 percent interest in the restaurant named "The Pride of Vicksburg. Wallace was planning to have his new restaurant open for the spring tourist season.
A number of regional magazines had already run feature stories on the project. With the opening one month away, Wallace decided it was time to staff the restaurant. Are job descriptions necessary in a restaurant? In those 25 years, he has expanded his operation and become the largest independent car dealer in a city of 85, people.
There is no question that today business is different. Though Duke thinks the boy is certainly nice enough, he does not believe he is very smart.
Explain the following franchise concepts and give an example of each: Marketing a Nonprofit - Virtual Opportunities New Wave Chance Youth Club is a local youth organization supported solely by the donations of individuals and the local church community.
Its co-founders, Valerie and Kristen, are considering launching a Web site to promote upcoming events and raise money for a new gym. Their good friend Paul has volunteered to develop a Web site, which they feel will help promote their efforts. Which other type of activities should New Wave Chance implement to support the success of the new Web site?
Briefly explain the fundamental considerations in evaluating an existing building as a location. Utilize the explanation of zoning laws, ergonomics and the Americans with Disabilities Act in your explanation. What is a partnership? Explain the advantages and the disadvantages of a partnership.May 13, · High End D: SETUP..
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