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franchise
(redirected from franchisees)

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia, Hutchinson 0.06 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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Franchisees pay 4 percent of revenues to the franchisor, in addition to other costs.
The answer is located at their corporate headquarters in Norfolk, Virginia, where an expert staff and a large assortment of essential services provide franchisees with the necessary tools to help them succeed.
His mission is to give advice to franchisees in trouble and draw attention to the "tragedy behind the facade.
 
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