Pros & Cons of Owning a Franchise Fitness Center

Different states have different legal definitions of what a franchise is. However, under Federal Law, three elements must be present in order for a franchise to be recognized. The three elements are the following: 1) Franchisee has the right to use the franchisor's trademark; 2) The franchisor has significant control or assistance with the franchisee's operation; 3) The franchisee has to pay the franchisor for the right to be a franchisee. [i] Hence, under Federal Law, a franchise fitness center is basically a business situation or arrangement through which an individual is allowed to operate a fitness center under the [...]