Franchise Definition Business

A franchise is a business that gives the right to another person or business to sell goods.

Franchise definition business. The franchising company or. A franchise in its simplest definition is a business opportunity that allows the franchisee possibly you to start a business by legally using someone else s the franchisor s expertise ideas and processes. It s a contractual relationship between a brand owner the franchisor and an independent local business owner the franchisee. It is hard to drive more than a few blocks in most towns without seeing a franchise business.

A continuing relationship in which a franchisor provides a licensed privilege to the franchisee to do business and offers assistance in organizing training merchandising marketing. For example bright star care doesn t franchise medical and non medical home. It does this by providing the person or other business with a licence. Franchising is in a word a license.

A franchise is a business system in which private entrepreneurs purchase the rights to open and run a location of a larger company. Examples of well known franchise business models include mcdonalds subway ups and h r block. A franchise business is a business in which the owners or franchisers sell the rights to their business logo and model to third parties called franchisees. A franchise is a license that a party franchisee purchases that allows them access to use a business s franchisor proprietary knowledge processes and trademarks to sell products or provide.

Definition of a franchise business. 1 the franchisee will obtain the right to operate a business that is identified or associated with the franchisor s trademark or to offer sell or distribute. A right to sell a company s products in a particular area using the company s name.