When you think of a franchise, the first thing that comes to mind is probably a large, national chain with multiple locations. But did you know that franchises can also be local businesses? In fact, many small businesses are franchises. And like any other business, small franchised businesses have something in common: collective purchasing power.
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00:00 Introduction
00:42 Subway
02:40 Franchisee Driving Value vs. Franchisor Benefiting From Their Corporate Stores
03:09 Hypothetical Case: Independent Pizza Operator
03:57 If The Franchise Brands Bets The Product
04:41 Disadvantage Of Franchisee's Collective Purchasing Power
05:16 Conclusion
#DoAllFranchisesHaveCollectivePurchasingPower #FranchiseFindings
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