Franchising information

Express News and Convenience's relationship with its franchisees is multifaceted. We are a financing source, record keeper and consultant to the franchisee. We take an active role in the franchisees business because our success is predicated on their success.

With a moderate investment you can have an opportunity to reap the benefits. The franchisees investment is organized into the following categories.

The franchisee pays an initial franchising fee for the right to purchase the location.
A monthly royalty fee is assessed to the franchisee. The fee is fixed for a specified period of time and subsequently renegotiated for a future term.
The franchisee makes a one time cash payment in an amount equaling to the start-up costs of the store. The start up costs include the initial inventory, supplies, business licenses, permits, bonds and cash register fund. As with the Franchise Fee, the amount may vary depending on the store specifications and area.
A prospective Franchisee may wish to purchase a current Franchisees interest in an existing location. The prospective franchisee must negotiate a price with the current Franchisee. This is called a "premium" or "goodwill" sale, although no trademark goodwill is included.

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