This is a master franchise agreement. The form grants franchise rights to a subfranchisor to operate restaurants and to procure, screen, qualify, train, and assist subfranchisees of the restaurant.
North Carolina Master Franchise Agreement
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The master franchisee receives a large percentage, sometimes 50% of the initial franchise fee and ongoing royalties, although it varies depending on the brand. This is a mutually beneficial arrangement as a sub-franchisor is compensated for developing an area on behalf of the franchise brand.
Franchise registration states include California, Maryland, Michigan, Minnesota, New York, and North Dakota. Franchise filing states include Connecticut, Florida, Kentucky, South Carolina, and South Dakota.
Advantages of a Master Franchise Investing your money in a master franchise gives you a competitive edge from other businesses. One of the main advantages is that you have the support and experience of the franchisor, which can be very helpful in all stages of the development of your business.
North Carolina Franchise Law The State of North Carolina is a franchise filing state. This means that before offering and selling a franchise in the State of North Carolina a franchisor must first ensure that its Franchise Disclosure Document is current and filed with the North Carolina Secretary of State.
In effect, a master franchisee becomes the franchisor for his territory and is responsible for recruiting and training his own franchisees, whereas in what you call a normal franchise the franchisee simply runs the outlet delivering the product or service.
Although South Carolina is not a franchise registration state, it has enacted Business Opportunity Laws that, if triggered, require the filing of a notice and, potentially, the registering of your franchise offering as a business opportunity.
A Master Franchisee Agreement provides the Master Franchisee with the ability to sub-franchise and grant franchises to other franchisees, within an assigned territory, as opposed to the area developer who is opening all the locations themselves.
North Carolina law requires many potential franchisors to register their franchise as a business opportunity with the North Carolina Secretary of State. Under North Carolina Statute §66-97, this includes submitting two copies of a franchise disclosure statement as well as a $250 registration fee.
There are basically two types of franchises. There's Product Distribution Franchising (or what's really called traditional franchising), and there's Business Format Franchising, which most people recognize as franchising.
Master franchising is popular in the services industry (lawn care, cleaners, electricians, tutors), but it can also be used in quick service restaurants (QSR) and convenience retail. Examples are Pizza Hut, Neighborly and Circle K.