Ad
related to: What is franchise?smergers.com has been visited by 10K+ users in the past month
Are you ready to start a franchise? Well, what are you waiting for? Get started. Select a range of franchise options in different industries, depending on your criteria.
- Business For Sale
Find The Right Business For Your
Needs. Contact Us Today!
- Franchise Opportunities
Find Out More About Our
Franchise Opportunities.
- Business For Sale
Search results
- Dictionaryfranchise/ˈfran(t)ʃʌɪz/
noun
- 1. an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, for example acting as an agent for a company's products: "Toyota granted the group a franchise" Similar
- 2. the right to vote in public elections: "the franchise was limited to Estonian citizens"
verb
- 1. grant a franchise to (an individual or group): "a franchised dealer"
Powered by Oxford Dictionaries
Jun 30, 2024 · A franchise is a license that allows a franchisee to sell a product or service under a franchisor's name and brand. Learn how franchises work, their advantages and disadvantages, and the federal regulation of franchises in the U.S.
A franchise (or franchising) is a method of distributing products or services involving a franchisor, who establishes the brand’s trademark or trade name and a business system, and a franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor's name and system. Technically, the contract binding ...
Franchising is an arrangement in which the franchisor gives the franchisee the right to distribute and sell the franchisor’s goods or services and use its business name and business model for a specified period, and possibly covering a geographical area.
Nov 7, 2023 · Understanding Franchise. A franchise is a business arrangement where one party, the franchisor, grants another party, the franchisee, the rights to use its brand, business model, and proprietary knowledge in exchange for a fee.
People also ask
What are the criteria for franchisability?
Is franchising a good business model?
Is your business ready for franchising?
Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses some or all of its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee. [1] .
Oct 6, 2021 · A franchise is a business model that allows a franchisee to use a franchisor's brand, system, and trademarks in exchange for fees and royalties. Learn about the types, advantages, disadvantages, and examples of franchises in this comprehensive guide.
Aug 18, 2023 · A franchisee is a business owner who is licensed to operate a branded outlet of a retail chain. The franchisee pays a fee to the franchisor for the right to sell...