unit franchise
A unit franchise is a type of franchise agreement where an individual (the franchisee) is granted the right to operate a single outlet or location of a branded business. This agreement allows the franchisee to use the established brand name, business model, and support from the franchisor in exchange for fees or a percentage of sales. It’s a popular choice for entrepreneurs as it provides a proven framework for running a business, alongside access to marketing and operational resources, all while maintaining independence in day-to-day management of the unit.
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A unit franchise is a business model where an individual, known as the franchisee, is granted the rights to operate a single location of a larger franchise brand. The franchisee pays an initial fee and ongoing royalties to the franchisor, who provides support, training, and access to established branding and operational systems. This model allows the franchisee to run their own business while benefiting from the recognized brand and proven business strategies of the franchisor. Essentially, it's a partnership where the franchisee operates under the umbrella of a larger company.