This is a master franchise agreement. The form grants franchise rights to a subfranchisor to operate restaurants and to procure, screen, qualify, train, and assist subfranchisees of the restaurant.
Utah Master Franchise Agreement
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Franchise royalty fees typically range from 4% of your revenue to 12% or more based on the type of franchise business. For example, a food franchise is a high-volume business where many customers buy individual items. Thus, it's not uncommon for the franchise to exceed $1 million in annual revenue.
The master franchisee receives a large percentage, sometimes 50% of the initial franchise fee and ongoing royalties, although it varies depending on the brand. This is a mutually beneficial arrangement as a sub-franchisor is compensated for developing an area on behalf of the franchise brand.
There are basically two types of franchises. There's Product Distribution Franchising (or what's really called traditional franchising), and there's Business Format Franchising, which most people recognize as franchising.
Components of a master franchise agreement Master franchise agreement comprises three participants: The franchisor who owns the marks, The know-how (franchise handbook) and the products, The master franchisee.
Master franchising is popular in the services industry (lawn care, cleaners, electricians, tutors), but it can also be used in quick service restaurants (QSR) and convenience retail. Examples are Pizza Hut, Neighborly and Circle K.
Under a master franchise agreement, the master franchisor grants to the master franchisee a specified area where the master franchisee has the right not only to open franchise units itself, but also to ?sub-franchise? to third parties.
How Much Does A McDonald's® Franchise Cost?* Most McDonald's franchise owner/operators have entered the corporation by purchasing an existing restaurant. To open a McDonald's franchise, however, requires a total investment of $1-$2.2 million, with liquid capital available of $750,000. The franchise fee is $45,000.
In effect, a master franchisee becomes the franchisor for his territory and is responsible for recruiting and training his own franchisees, whereas in what you call a normal franchise the franchisee simply runs the outlet delivering the product or service.
A master franchise agreement, sometimes called a regional franchise agreement or abbreviated to MFA, is a legal agreement between a franchisor and a master franchisee that allows a franchise owner to become a mini-franchisor and own and operate several businesses within a specified territory.
The Master Franchisee Collects Fees and Royalties Generally, the Master Franchisee splits the initial franchise fee collected from the sub-franchisees with the franchisor. The same goes for the monthly royalties paid by the sub-franchisees. Most of the time, the split is 50-50.