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Home > Franchises > All about Honeymoons
All about Honeymoons
A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.
Honeymoons started in the year 1994 and is franchising since 2003. Franchisor has 0 employees and 8 employees in franchise department. They have U.S. Franchises, Canadian Franchises, Foreign Franchises and Company Owned. They are seeking nationwide, worldwide and in addition to this, exclusive territories are also available. Their territory size is 200,000 to 600,000 populations. In 2002-2003 franchise growth was nil, in 2004 for U.S. Franchises it was 11 and for 2005, U.S. Franchises was 49 and Canadian Franchises was 01. In the year 2006, U.S. Franchises hiked up to 88 and Canadian Franchises too rose to 01.
Total investment was $9.9K-36.1K, franchise fee was $9K-19K- 29K, ongoing royalty fee varied and term of agreement was for 10 years with renewable fee of $ 500. Their operations included some rules where franchise can be run from home. Absentee ownership of franchise was allowed. 100 percent of current franchisees were owner and operators.
Training is available at headquarters with 3 days optional, at franchisee's location, 30-day orientation program, and self-paced internet classes. Ongoing Support is newsletter, meetings, toll-free phone line, grand opening, and internet and field operations and evaluations. Marketing Support are co-op advertising, ad slicks, national media, regional advertising and other marketing support are direct-marketing mailers and emails. In the Entrepreneur magazine 2002-2006, the Franchise 500 ranking was 430 in 2006 and top new ranking was 35 in 2006.
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