Appraisers operate on the presumption that, however different the individual business is from all others, businesses within a specific industry nonetheless share certain characteristics that make it possible to compare one to another and thus derive a value.
Franchise operations, however, are a breed unto themselves, and this makes the valuation of these enterprises a unique process.
The chief reason for this is the fact that the relationship between franchisors and franchisees is a unique business partnership in which each party owns and derives value from different forms of property.
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