Originally Posted By: grampi
But the franchise didn't go under. Papa Murphy's is alive and well, just not in Dayton, OH...
Don't confuse the franchise, with the corporation.
franchisees pay the corporation a fee to use their IP to do business.
as an example, My local McDonald's are owned and operated by a franchise. his employees work for Speedy Arches Inc, which thanks to their franchise agreement with the McDonald's Corporation can Do Business as McDonald's.
it could be that your local franchisee went out of business. happens for all sorts of reasons...financial mismanagement, perhaps they just wanted to retire and couldn't find a buyer....
a few years back our Local KFC franchise closed up suddenly, the owner was making too many waves, and the corporation pulled his License. he was no longer able to use any KFC IP(Names, recipes, logos, etc.)
year or two later, the store got remodeled and reopened as a Corporately owned KFC Location.
the swifty gas station chain closed up shop a couple years back. The owner passed, and his heirs wanted nothing to do with the business, and failed to locate a buyer....
But the franchise didn't go under. Papa Murphy's is alive and well, just not in Dayton, OH...
Don't confuse the franchise, with the corporation.
franchisees pay the corporation a fee to use their IP to do business.
as an example, My local McDonald's are owned and operated by a franchise. his employees work for Speedy Arches Inc, which thanks to their franchise agreement with the McDonald's Corporation can Do Business as McDonald's.
it could be that your local franchisee went out of business. happens for all sorts of reasons...financial mismanagement, perhaps they just wanted to retire and couldn't find a buyer....
a few years back our Local KFC franchise closed up suddenly, the owner was making too many waves, and the corporation pulled his License. he was no longer able to use any KFC IP(Names, recipes, logos, etc.)
year or two later, the store got remodeled and reopened as a Corporately owned KFC Location.
the swifty gas station chain closed up shop a couple years back. The owner passed, and his heirs wanted nothing to do with the business, and failed to locate a buyer....