franchises

A franchise is a business arrangement where an individual or group (the franchisee) is granted the right to operate a location of an established company (the franchisor). The franchisee benefits from using the company's brand, trademarks, products, and operational methods, often paying an initial fee and ongoing royalties. This setup allows the franchisee to run their business with a proven model and brand recognition, while the franchisor expands its reach through multiple locations. Franchising is common in industries like fast food, retail, and hospitality, offering entrepreneurs a way to start a business with built-in support and reputation.