Franchising

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Related to Franchise store: 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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Graham Hattam, Newcastle University Students' Union Director of Commercial, said: "We are excited to announce the introduction of a Co-op store into our Students' Union and bring the first franchise store in the North East to our very own campus.
The chain, which is celebrating its tenth year, opened 27 new franchise stores across the UK, taking its total to 113 stores.
The IFRA estimated that each franchise store can throw away roughly NT$2,000 worth of foods every day, which means that there is approximately NT$7 billion worth of foods discarded in over 10,000 franchise stores in Taiwan every year.
Ooredoo's line of franchise stores is part of its retail expansion strategy of deepening its footprint to better serve communities across Oman.
"I'm proud to have joined CPR's growing network of franchise stores located in Canada.
So, 2015 saw the birth of our plans to increase our reach witA[degrees] hin the sultanate by opening franchise stores in partnership with some of Oman's leading retailers.
During the third quarter, Jean Coutu's franchise store network opened three drug stores, including one relocation, and significantly renovated or expanded three stores.
Yuan Yafei, chairman of Sanpower, told the Financial Times he would open four franchise stores in Russia and two in Abu Dhabi over the next two to three years, as well as a flagship "Oriental Fraser" store in Nanjing, where the conglomerate is based, next year.
According to the CBN, a franchised store in Red Star Macalline Furniture Mall at Shenzhen sold fake "Hilton" furniture and another franchise store located in Qingdao in Shandong province was found selling fake diatom mud, a decorative wall material.
The first franchise store has been set up in Fareham, Hants.
In fact, four of the top five franchise store contributions were Odom-owned.
Glenn Carter, Darlington DP Furniture Express co-owner, said: "As a franchise store we are continuing to trade healthily and do not envisage any problems.