What advantages does a business gain when they license instead of franchise? Recently, I contacted a business which I thought were into franchising, until I was corrected with the right term "licensing."
The franchise I purchased told me I didn't need a license to operate a small business. Now I'm paying big franchise fees with literally no support. Am I bound by the non-compete clause if I start a new business of my own under a new name?
I bought a franchise area with rights to sell franchise territories within that area. The franchisor has since made changes to the franchise agreement before allowing any more franchise sales. Therefore I have never been allowed to sell franchises. I don't have the money for a legal battle.
The franchisor skirts the issue with vague answers. Surely there must be a way that they can share supportable earnings projections of for their units so that I can determine if this is a good investment.