|
|
Franchising (from the French for honesty or freedom[1]) is a method of doing business wherein a franchisor licenses trademarks and tried and proven methods of doing business to a franchisee in exchange for a recurring payment, and usually a percentage piece of gross sales or gross profits as well as the annual fees. Various tangibles and intangibles such as national or international advertising, training, and other support services are commonly made available by the franchisor, and may indeed be required by the franchisor, which generally requires audited books, and may subject the franchisee or the outlet to periodic and surprise spot checks.
A business operated under a franchise arrangement is often called a chain store, franchise outlet, or simply franchise.
A franchise agreement will usually specify the given territory the franchisee retains exclusive control over (the area protection), as well as the extent to which the franchisee will be supported by the franchisor (e.g. training and marketing campaigns).
|
| BuyYourBiz.com can help both franchisors and franchisees obtain their goals. If you are a franchisor and wish to list your opportunities with us, click here and we will respond within 24 hours or the next business day.
|
|
|
|
