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franchise
(redirected from Franchise system)

    Also found in: Legal, Encyclopedia, Wikipedia 0.01 sec.
franchise
1. An agreement between a firm and another party in which the firm provides the other party with the right to use the firm's name and to sell or rent its products. Selling franchise rights is a method of expanding a business quickly with a minimum of capital. See also franchisee, franchisor.
2. A right granted to another party by a government to engage in certain types of business. For example, a firm may obtain a government franchise to supply certain public services within a limited geographic region.
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0/0 North Hollywood 91605 22 Vagabond Franchise System Inc.
Franchisers: L.A. County-based firms, ranked by number of franchised ... by Nusbaum, David / Los Angeles Business Journal
Though the franchise system is designed to offer you ongoing support, managing a franchise is a full-time job that will require a salary that covers all your personal expenses.
Pay yourself by Johnson, James C. / Black Enterprise
The total cash purchase price for the company-owned real estate brokerage operations as well as the license agreement was approximately $100 million, plus ah ongoing license lee based on future royalties from the development of the Sotheby's International Realty franchise system and company-owned operations.
Sotheby's Realty group sold to Cendant Corp. for $100M by Real Estate Weekly
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