Franchise Partnerships

Franchise partnerships are business arrangements where a franchisee (an individual or company) pays for the rights to operate a franchise, which is a version of a larger brand's business model. The franchisee benefits from the established brand’s reputation, support, and training, while the franchisor (the brand owner) receives initial fees and ongoing royalties. This partnership allows franchisees to leverage a proven system and marketing strategies, reducing risks compared to starting a business from scratch. The relationship is governed by a franchise agreement, outlining rights and responsibilities for both parties.