What is Franchising?

Franchising

it is a form of business by which the owner (franchisor) of a product, service or method obtains distribution through affiliated dealers (franchisees).

Franchisee

gains the use of a trademark, on going support from the franchisor and the right to use the franchisors system of doing the business sell its products and services.

Franchisor

the company that allows an individual (known as the franchisee) to run a location of their business, the franchisor owns the company, trade marks, products and services but give the right to the franchisee to run the franchise location, in return for an agreed upon fee.