Owning and operating isn't the only way to build a franchise biz.
It is a type of business where the franchisee agrees to pay certain fees as well as follow certain business franchise rules in order to acquire the right to sell the goods or services of the franchisor, the company who established the company. It is a system for independently owned businesses to share a common brand, distribute products and services, and expand. Franchise Definition.
Franchise, business - Five Franchising Strategies - Entrepreneur.com.
Television franchise, a right to operate a television network Business link (UK) helpline and further information resources In the UK Business link offers a help-line about buying and running franchise businesses: Tel - +44 (0)845 600 9006. By the book, a franchise is a method of parceling out goods or service. In a franchise business, the owners (franchisors) grant rights to independent business owners (franchisees) to do business under their name. Franchising your business can be a very successful method for expansion if you take your time and do it properly. It’s a contractual relationship between a brand owner (the franchisor) and an independent local business owner (the franchisee). For example, Bright Star Care doesn’t “franchise” medical and non-medical home …
Provided you have the capital to back you up and you can meet the franchisor’s rules and regulations, you will see huge benefits from their branding, market reach and support.
Franchising, a business method that involves licensing of trademarks and methods of doing business to franchisees; Franchise, a privilege to operate a type of business such as a cable television provider, public utility, or taxicab company, sometimes requiring the filing of tariff schedules, as in: . Business and law.
Starting a franchise business is an amazing opportunity for many entrepreneurs. Here are five other strategies to get you in the game. How to use franchise … While becoming a franchisor can require considerable expense, the capital required to grow a network of franchised locations is far less for you than achieving the same number of company-owned locations. Franchising is, in a word, a license.
Franchise definition is - the right or license granted to an individual or group to market a company's goods or services in a particular territory; also : a business granted such a right or license.