Penny Lane - Dissecting Franchise Royalties
Penny Lane was released in February 1967 with Strawberry Fields Forever in what has the single, peaking at number two on the charts, gave its creators royalties of 2 and ¾ cents for every single sold.
When purchasing a franchise royalty fees average between 4% to 11% of gross sales depending on the franchise. But what exactly are royalties and why are they so valuable
to you the franchisee?
Listen to the Segment here: