Franchising

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Related to Franchise chain: franchised

Franchising

Provision of a specialized sales or service strategy, support assistance, and possibly an initial investment in the franchise in exchange for periodic fees.

Franchise

An agreement in which an entrepreneur buys a license to use another business' products, brand, proprietary knowledge, and trade secrets. This allows the entrepreneur to start a business without building up his/her own brand or products. This is a common way to start a business, especially in highly competitive industries. An industry that utilizes franchises on a regular basis is fast food; because of stiff competition, it is generally more profitable for one who wishes to start a fast food restaurant to buy a franchise.
References in periodicals archive ?
Just Falafel is now the "number one falafel franchise chain in the world", says CEO Fadi Malas, with more than 900 franchises agreed in 20 countries.
She said: "Oil & Vinegar is an expanding franchise chain and it says a lot that Leamington is at the forefront of its growth.
Miami Subs in Miami Springs will be a measure of the upcoming facelift to expect from the iconic franchise chain which is currently undergoing significant brand development to ready for domestic and worldwide expansion.
Ahead of the country's end on the ban on foreign companies' franchise chain outlets, FamilyMart in May set up a joint venture in Shanghai with trading house Itochu Corp.
4, 2012 /PRNewswire/ -- The iconic franchise chain announces a new Latin Fusion menu rollout in restaurants beginning September 4 following franchising expansion efforts in South America and the announcement of international music sensation Pitbull as an equity partner in the company.
Today, franchisees receive a wide range of training programs and marketing support to help insure their success, and in turn, the success of the entire franchise chain.
The partnership with CrossCheck allows us to offer end to end, customized support for each franchise chain with an entire range of check products, from the most basic to the most advanced.
Nasdaq:CTTY)(ASX:CAT)(ASX:CATN), a loyalty and gift card processor, today announced that the fast-growing franchisor Nick-N-Willy's World Famous Take-N-Bake Pizza is the their first franchise chain to deploy a new loyalty program designed to drive customer acquisition and retention.
Fastest Growing Ice Cream Franchise Chain Utilizing Omni 3750 for Nationwide Gift Card Program and Electronic Payments
Part of a highly recognized national franchise chain.
It's very exciting to become part of the largest chiropractic franchise chain in the USA," said Dr.
The acquisition of Thai Express will complement and expand MTY's existing quick service franchise chain operations, and provide MTY with a very strong position in the Thai cuisine franchise system.