Joint Venture Franchising

Joint venture franchising is a business arrangement where two or more parties create a partnership to develop a franchise. In this setup, one party provides the franchise brand and business model, while the other contributes local market knowledge, resources, or capital. This collaboration allows the franchise to operate in new markets, combining strengths and sharing risks. Both parties usually share profits, costs, and responsibilities, aiming to leverage their combined expertise for mutual benefit. This approach can enhance growth opportunities and market reach for the franchise while minimizing individual risks.