Franchises

FRANCHISES

FRANCHISE - the legal right to use the name and logo of an existing firm and sell the same products.

FRANCHISOR - the company that owns the franchise.

FRANCHISEE - a business using the name and ideas of the Franchisor

E.G.

• Mcdonalds
• Shakeaway
• Dominos
• Subway
• Asda
• Walmart
• Starbucks 
• AA

Opportunities

• Make money
• Setting up a business that has a reputation - tried and tested
• Being your own boss
• …