What is a franchise and how does it work?
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Franchising is an arrangement where one party (the franchiser) grants another party (the franchisee) the right to use its trademark or trade-name as well as certain business systems and processes, to produce and market a good or service according to certain specifications.
To put it simply, Franchising is a business arrangement that allows you (franchisee) to start a business by legally using someone else’s (franchisor) ideas and processes. It involves the licensing of trademarks and methods of doing business.
Here’s a look at some franchises that are popular in the USA.
- 7-Eleven
- Ace Hardware Corporation
- Baskin-Robbins
- Burger King
- Carrefour
- Choice Hotels
- Dairy Queen.
- Domino’s
- Dunkin’ Donuts.
- Groupe Auchan
- Groupe Casino
- Hertz
- Hilton Hotels & Resorts
- InterContinental Hotels and Resorts
- Jimmy John’s.
- KFC
- Krispy Kreme.
- Marriott International
- Massage Envy.
- McDonald’s
- Pizza Hut
- SUBWAY®
- Taco Bell
- The UPS Store.
- Wendy’s
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Mahugu Nuthu is a content creator known for his compelling and well-researched business analysis. His blog MHGcode.com, provides insights and proven strategies for effective entrepreneurship, side hustle hunting, passive income pursuit, small business ideas, saving and tips on slashing costs.
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