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hello folks a franchise is an agreement between a franchise and a franchisee that agreement will entitle the franchisee to use the brand name services and products of the franchisor magnus is a very famous brand name that entrepreneurs can go for a franchise agreement what are the benefits of a franchise why dont you start your own business instead of a franchise agreement what are the payments do for a franchise im signing inside and in that video i will answer those questions for you stay tuned a franchise is a type of license that grants a franchisee access to a franchise business knowledge processes and trademarks so the franchisee can sell a product or service under the franchises business name but what is the price of a franchise the franchisee usually pays the franchiser an initial startup fee or one-off payment and annual licensing fees or royalties so we have two types of payments here when a business wants to increase its market share or geographical docHub at a low cost it