Phrases with «franchise system»

A franchise system refers to a business model in which a company allows another individual or entity (franchisee) to operate a business using its established brand, products, and systems. The franchisee pays fees or royalties to the company (franchisor) in exchange for the right to use their brand and benefit from their support and expertise. Full definition

Sentences with «franchise system»

  • The office was part of a major real estate franchise system. (realtormag.realtor.org)
  • It also is challenging the long - established dealer franchise system with company owned stores. (wardsauto.com)
  • Within franchise systems, the knowledge sharing that occurs between each owner sets the stage for best practices to be implemented in every unit. (cmitfranchise.com)
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