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.
13 million; * The consolidation trend for franchised dealerships slowed in 2002, with the net dealership count dropping by 75, compared to a decline of 350 last year; * Auctions continue to make solid gains as a source for used vehicle inventory, at a record 36 percent of the total in 2002, compared to less than 10 percent in the early 1980s.
With CarOrder, the online automotive shopper enjoys the benefit of purchasing a vehicle directly from a franchised dealership while shopping from the comfort of their home.
This new customer initiative addresses the perception that franchised dealerships are more expensive than independent workshops or national fast fit chains.
The Gateshead business, which has 80 franchised dealerships and three non-franchised sales operations in 66 sites nationwide, said it is trading in line with expectations.
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.
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.
Service technicians and mechanics in franchised dealerships and independent garages earned some of the largest increases in both basic and total salary.
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.