Franchise

A franchise is a business model in which an individual or entity (the franchisee) is granted the rights to operate a business using the branding, trademarks, and operational methods of an established company (the franchisor). In return, the franchisee usually pays an initial franchise fee and ongoing royalties based on revenue or profits. This model allows the franchisor to expand its brand and reach without directly managing each location, while franchisees benefit from operating a proven business with support, training, and marketing from the franchisor. Franchises exist in many industries, including food, retail, hospitality, and services​( RRH Overseas )​.