Franchise Acquisition

Franchise acquisition refers to the process of purchasing the rights to operate a franchise business. This allows an individual or group to run a business using an established brand's name, products, and business model. The franchisee, or buyer, pays an initial fee and ongoing royalties to the franchisor, the original business owner. In return, they receive support, training, and marketing assistance. Franchise acquisition enables entrepreneurs to start a business with a proven concept, reducing some risks associated with starting from scratch while benefiting from the franchise's reputation and customer base.