What is Franchising?

Franchising is a business model in which a franchisor grants a franchisee the right to use its trademark, products, services, and business methods in exchange for a fee or a percentage of revenue. In other words, franchising is a form of licensing where the franchisor provides the franchisee with a proven business model, training, and ongoing support.

Franchising is a popular method of expanding a business, as it allows the franchisor to grow without having to invest in new locations and employees. It also provides the franchisee with a turn-key business that has a proven track record of success, and the ability to benefit from the franchisor's marketing, advertising, and operational support.

Franchise opportunities are available in many industries, including fast food, retail, hospitality, and automotive. If you are interested in starting a franchise, it's important to do your research, review the franchise agreement, and understand the costs and obligations involved before making a commitment. Please seek advice from your business advisers/lawyers before you commit.