Todd Finkle, a college professor at a major university in the mid western United States, is passionate about fly-fishing

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Todd Finkle, a college professor at a major university in the
mid western United States, is passionate about fly-fishing, which
he learned as a child from his father. So his interest was piqued
when he heard that his favourite fly-fishing rod manufacturer,
Thomas and Thomas, was for sale. Founded in 1969 and well known
among fly-fishing aficionados, Thomas and Thomas has a solid
reputation, good products, and a loyal customer base.
1. Finkle has decided to expand his business by franchising and
Adam who wants to become an entrepreneur is interested in being a
franchisee of Thomas and Thomas. Advise Adam on the pros and
limitations of franchising system.