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 ?
Fitness centre Planet Fitness Inc (NYSE:PLNT) revealed on Tuesday the completion of the acquisition of a franchise group representing six franchise stores operating in Suffolk County, New York for an undisclosed amount.
This latest Ooredoo franchise store will be managed by Khimji Ramdas and we hope to open more during the year.
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.
com will be run from 9,000 franchise stores, with orders made cheaper at certain times of day to attract customers.
franchise program began two years ago, more than 70 Gap franchise stores and nearly 30 Banana Republic franchise stores have opened.
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.
Berjaya Corporation Berhad, a publicly listed diversified corporation headquartered in Malaysia, yesterday opened the second Borders franchise store in that country.
Pink Sheets:OBDP) announced yesterday during a investor conference call that the franchise store in Tennessee will have its grand opening on October 1st, 2005.
The first Speaking Roses franchise store is scheduled to open in Salt Lake City in early October.
OrbitDrop has three corporate (one opening next week) and one franchise store open.
NYSE: PRTY) has entered into an agreement to acquire the master franchise group representing 11 franchise stores in the Maryland market, the company said on Friday.