If a restaurant owner is looking to franchise and the prompt says “a 20% profit before tax is required to attract franchisees”..what is this 20%? Is this profit margin?
If a restaurant owner is looking to franchise and the prompt says “a 20% profit before tax is required to attract franchisees”..what is this 20%? Is this profit margin?
Hi, yes, they have to achieve an EBIT/revenue ratio higher than 20%
Best,
Antonello