3.Success

Group 3

Franchising, franchising, franchising. The story of McDonald's and so many other famous fast food companies, and a skill has been used to expand the fast food nation at a rapid pace. Franchisees take the business model of a profitable company and open their own branch of it. To open one of these branches, franchisees must pay the company an initial fee; to put it in perspective $1.5 million today will make you a franchisee of a Burger King, $1 million for a McDonald's, and $50,000 for a lesser known fast food business. This chapter particularly focuses on Dave Feamster and Little Ceasars' own franchising efforts, and how successful franchisees of the business run. Often times, businesses require independent contractors to open a certain number of new franchises a year, and if they fail, they have to pay an expensive fee. This usually leads to an over population of franchises in certain areas, causing several stores to do poorly because of increased competition; Subway is especially guilty of this practice, opening over a thousand new restaurants a year.
 * Summary!**