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franchise
(redirected from franchised)

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.04 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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Graffiti, a retail clothing chain, franchised some 360 stores from 1996 to 2000.
Today, sales by franchised outlets represent 40 percent of domestic retail sales.
Her company now has 125 franchised stores, cafes, carts, and kiosks across the country, and she projects that another 75 outlets will open by the end of the year.
 
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