What does franchising mean?
A franchisee distributes products or services under the franchisor’s name. A franchisee is defined as the individual or company that owns and operates a franchise for the sale of goods or services. A franchisor is the company that sells the right to open stores and sell products or services using their brand. The franchisee typically pays an initial fee and ongoing royalties to use the franchisor’s brand or tradename along with their business system.
You can buy into a franchise across many different industries such as Retail, Education, Automotive, Restaurant, Travel and more.