Tips to keep your investment profitable

If you’re a first-time commercial property owner you may think the complicated part of your new business adventure was choosing the property, but the truth is, once that is done, you need to do your bit to keep that investment profitable.

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Setting up a franchise

By definition a franchise is a type of license that a party (franchisee) acquires to allow them to have access to a business’s (the franchiser) proprietary knowledge, processes and trademarks in order to allow the party to sell a product or provide a service under the business’s name. In exchange for gaining the franchise, the franchisee usually pays the franchisor initial start-up and annual licensing fees.