Retail Franchise

A retail franchise is a business model where an individual (franchisee) buys the rights to operate a retail location under an established company's (franchisor) brand, system, and procedures. The franchisee benefits from the company's proven products, marketing, and operational support, while paying fees or royalties. This setup allows the franchisee to run their store using a recognized brand, reducing startup risk and leveraging the franchisor's reputation and resources. Examples include fast-food chains, clothing stores, and convenience shops. Essentially, it's a partnership that combines local ownership with a trusted business model.