MyStarU.com, Inc. announced today that its Online Social Vocational Education and Culture Business Group, MyStarU.com(), has sold an exclusive license to two master franchisees in China in January.
The franchisee pays MyStarU.com a one-time license fee of $200,000 and gains the rights to sell licenses to unlimited franchisees inside of Anhui and Guangxi provinces. Under the agreements, the master franchisee plans that a minimum total of 10,000 vocational students will use their online education programs in 2009. MyStarU.com forecasts that it will generate revenues of $50,000 in monthly royalty fees.
MyStarU.com Sells Two Master Franchise Licenses
February 11, 2009 by Mark | 0 Comments
In Basic Guidelines, Law & Agreements, Franchisees, Franchises, Franchising in China, News
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