franchise systems

A franchise system is a business model where one party, the franchisor, allows another party, the franchisee, to operate a business using its brand, products, and operating methods. The franchisee pays fees or royalties to the franchisor in exchange for support and the right to use the brand's established reputation. This system enables franchisees to benefit from a proven business strategy while franchisors can expand their brand quickly without heavy investment. Common examples include fast-food restaurants, gyms, and retail stores. Franchise systems help both parties grow while maintaining quality and consistency in products and services.