Franchising

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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 ?
While a typical franchised dealership may employ 30 or 40 people, on each CarShock site there is one manager, five salespeople, one valeter and one administrator.
Whilst a typical franchised dealership may employ 30 or 40 people, on each CarShock site there is one manager, five salespeople, one valeter and one administrator.
Mazda Canada Incorporated (Mazda Canada), a subsidiary of Mazda Motor Corporation (Mazda) (TYO: 7261), has selected to use the RouteOne platform for Mazda's 168 franchised dealerships.
THERE'S now a greater mix of used vehicles on garage forecourts - especially those of franchised dealerships.
A facility of this size will also provide a hub for our franchised dealerships in the area.
This acquisition comes close on the heels of Rybrook Holdings' formation based on 12 franchised dealerships and a contract hire company formerly operated by Ryland Group.
While franchised dealerships often have the best quality used cars, they also carry top prices, although good aftersales service and warranties can soften the blow.
MOTORISTS are generally more happy with the service their cars get at independent garages than at franchised dealerships, a survey from the Consumers' Association revealed this week.
And the vast majority of people buy their vehicles from franchised dealerships.
com) sells new and used cars and light trucks, provides maintenance and repair services, sells replacement parts and provides related financing, insurance and service contracts through eight franchised dealerships located in New Jersey, New York, Connecticut, Massachusetts and Vermont.
The indiGO Auto Group represents 14 franchised dealerships in four US markets: Houston, Texas, Rancho Mirage and Palm Springs, California, and St.
Lookers has 5,500 staff and 122 franchised dealerships selling 32 marques.