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Richmond Retail Business Forum
However, potential franchisors agree that for such a system to function well there’s the need to present assist to franchisees whilst the franchisors are keen to simply accept payment of royalties. Even though franchising has a positive outlook for pharmacies, there are not sufficient pharmacists in the region who can be out there to register the brand new franchised facilities. There is also the legal issues that must be defined nicely and the monetary dangers that would be concerned. When a chain – which is outlined by two or more retail stores having the identical possession and products or services – is corporate-owned, the mother or father firm is solely answerable for all stores’ business-related activities. From picking retail places to hiring workers to operations to tax planning, they deal with it all.