The Franchise

A franchise is a business arrangement where a company (the franchisor) grants an individual or group (the franchisee) the right to operate a location using its brand, products, and business model. The franchisee invests in opening and running the business, while paying fees or royalties to the franchisor. This setup allows for rapid expansion of the brand and ensures consistency across locations, while the franchisee benefits from established branding, proven systems, and ongoing support. It's a partnership that combines local ownership with a recognized business identity.