Franchisor
A franchisor is a business or company that allows individuals or other businesses, called franchisees, to operate their own branch using the franchisor's brand, products, and operational model. By signing a franchise agreement, franchisees gain the right to sell the franchisor’s goods or services, often benefiting from established recognition and support. In return, franchisees typically pay an initial fee and ongoing royalties. This arrangement enables franchisors to expand their brand and reach new markets while providing franchisees with a proven business model and resources to succeed.
Additional Insights
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A franchisor is a company or individual that grants permission to others, known as franchisees, to operate businesses using its brand name, products, and business model. In exchange for this, franchisees typically pay an initial fee and ongoing royalties. The franchisor provides support, training, and guidelines to help franchisees replicate the success of the original business. This relationship allows the franchisor to expand its brand and market presence while enabling franchisees to own and run their own businesses with a proven framework.