Franchising

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Related to Franchise chain: franchised

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 ?
The most representative studies in this sense include that of Ribeiro and Melo (2007), who conducted a case study on the internationalization of the largest Brazilian franchise chain, O Boticario.
Just Falafel is now the "number one falafel franchise chain in the world", says CEO Fadi Malas, with more than 900 franchises agreed in 20 countries.
This case focuses on a well-reputed 60-year-old franchise chain in the Netherlands, which started as a true cooperative but has developed toward a more commercial structure.
She said: "Oil & Vinegar is an expanding franchise chain and it says a lot that Leamington is at the forefront of its growth."
on Monday opened its first franchise chain outlet in Shanghai after China lifted a ban on foreign FC outlets earlier this month.
Color Me Mine Enterprises, Inc., the worldwide paint-your-own-ceramics franchise chain has executed a master license agreement to develop 50 studios in Japan with entrepreneur Kazuaki Baba.
Pizza Franchise CHAIN RUN ABSENTEE in well located high traffic locationS.
Some examples of established franchise chains are The Educators with 700 franchised campuses in 212 cities and villages with 175,000 students, Allied Schools with 730 franchised campuses in 243 cities and villages with 195,000 students, and Dar-e-Arqam with 525 franchised campuses in 164 cities and villages with 150,000 students.
Rated one of top 200 Franchise Chains. Typical build-out is over $200k; new design phase remodel completed; newer POS system.
The number of Japanese franchise chains' overseas outlets at the end of June this year increased by 2,947 from four years earlier, or by 986 from a year before, to 12,116 including 8,492 convenience stores and 3,404 restaurants, the Japan Franchise Association said.
From 1985-93, Heard was a partner at H&H Management Consultants, where he worked with franchise chains including McDonald's, Burger King and Checkers.