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 ?
For opponents of franchising, concern always flows toward the assurance that recyclables are not considered part of the solid waste stream.
The industry in Brazil generates approximately $7 billion in annual sales, says the Brazilian Franchising Association.
But for the most part, while the benefits of franchising are clear from the corporate side--growth with no risk and the use of what the Sign Masters' CEO refers to as "OPM" (other people's money)--they are harder to see from the franchisee end.
Michael Vogel served in franchising positions with Quiznos, International Dairy Queen and NOVUS Auto Glass before joining Sagittarius.
Today, Sells, a past chairman of the WFC, heads up a department that handles lead generation for new franchises, marketing campaigns and maintenance of the corporation's franchising Web site.
Burzynski was elected to the International Franchise Association's (IFA) board of directors and was the 1998 recipient of the distinguished Bonnie Levine Award from the International Franchise Association, honoring individuals who further the cause of women in franchising.
We were looking for a company that offered the same kind of excellence in educational services that Minuteman does on the print and franchising side.
Written by the late Dave Thomas, the widely known founder of Wendy's, and franchising consultant Michael Seid, this is a comprehensive and reliable resource for anyone interested in purchasing a franchise.
Choice Hotels International is one of the world's largest hotel franchising companies with over 5,600 hotels open and under development worldwide.
Choice Hotels International[R] is one of the world's largest franchising companies with over 5,000 hotels open or under development worldwide.
In addition to Benjamin Franklin Plumbing(R) Franchising, its other companies include Plumbers' Success International(R), BuyMax(R), Electricians' Success International(TM), AirTime 500(TM), One Hour Air Conditioning & Heating(R) Franchising, Success Academy(TM), AirTime Canada(TM) ULC, and company-owned One Hour operations in Las Vegas, Florida, California and throughout Canada.