Franchising

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Related to Franchise store: 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 ?
This latest Ooredoo franchise store will be managed by Khimji Ramdas and we hope to open more during the year.
We entered into contracts with 225, 247, and 61 new Exclusive Franchise Stores in 2008, 2009 and 2010 respectively, and we terminated our contracts with 47 Exclusive Franchise Stores in 2009.
The company partnership provided CPR Cell Phone Repair with further resources to expand their footprint of nationwide franchise store locations while also growing the supply chain and enhancing CPR's online brand recognition.
Cook announced plans to move into franchising in April last year and opened its first franchise store, in Reigate, Surrey, in October.
On average, 3C believes the typical franchise store size will be approximately 1,000 sq.
We are delighted to make this announcement marking our 500th signed franchise store in only five short years," says Tariq Farid.
Secondly, controlled growth that focuses on increasing franchise store sales while maintaining realistic goals for increasing the number of franchise stores.
Additionally, lanelogic reduces dealers' inventory risks by providing the nation's first Fresh Trade Auction site as an efficient alternative for those vehicles that cannot be matched to a franchise store.
Rosenburg, President of Uniforms for America (UFA) (Nasdaq OTC: UNIF) announced today that the company signed franchise store number 52 in Philadelphia, PA.
Berjaya Corporation Berhad, a publicly listed diversified corporation headquartered in Malaysia, yesterday opened the second Borders franchise store in that country.
The Atlanta franchise store was acquired in May, 1994.
The first Speaking Roses franchise store is scheduled to open in Salt Lake City in early October.