As you start to consider your franchise options, you might wonder about the costs involved in franchising. Whether you’re interested in starting a coding franchise or a retail franchise, at some point, you may stumble upon the words, “franchise fee.” But what exactly is a franchise fee? A better question is, “what are franchise fees?” as in, plural. Why? Because when it comes to owning and operating a franchise, you may encounter a variety of franchising fees. Let’s explore some of the different types of franchising fees. Types of Franchise Fees There are a variety of franchise fees that you’ll encounter in various stages of your franchise journey. Some of the most common fees include: Initial Franchise Fee: This is a one-time fee paid by the franchisee to the franchisor for the right to use the franchise's brand, business model, and systems. It usually covers costs like training, site selection assistance, and initial marketing support. Royalty Fee: An ongoing fee paid by the franchisee to the franchisor, typically calculated as a percentage of the franchisee's gross sales or revenue. The fee helps cover ongoing support, including marketing, training, and access to proprietary systems and technologies. Marketing and Advertising Fee: This…