The phrase "new franchisees" refers to individuals or businesses that have recently joined a franchise system. They have bought the rights to operate a specific branch or location of a brand or business. Full definition
To combat real estate market challenges, the company has begun offering packs of three to five restaurants for new franchisees. (fooddrink-magazine.com)
That brings the company's North American total to 49 new franchisees in 2013, on track to meet its goal of 75 new locations by the end of the year. (remonline.com)
That growth should continue as the secular trends that have fed its success at home gradually takes hold abroad as well, and its tech investments will help new franchisees succeed. (businessinsider.com)