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.

 This information is for educational and entertainment purposes only. The information that is shared on MHGcode.com shall not be interpreted or construed as financial, accounting, legal or tax advice and should not be acted upon without further professional advice.

 

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