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Franchises

subfranchise-meaning

Subfranchise: How do master franchises work?

As a huge corporation having thousands of locations around the world, imagine how complicated it would be to personally vet and recruit franchisees. This is why big companies, such as McDonald’s, subfranchise their businesses and rely on master franchisees that manage multiple locations on their behalf within a determined region. Key takeaways: In a subfranchise, …

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What is a franchisor? Meaning, Roles, Pros and Cons.

For sure, you know giant food chains such as McDonald’s or Popeyes, multimillionaire franchise restaurants that have expanded throughout the world. These companies are owned by franchisors, who allow third parties the use of their business model and trademarks in exchange for the payment of fees and ongoing royalties. In this article, we will discuss …

What is a franchisor? Meaning, Roles, Pros and Cons. Read More »

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Is buying a franchise a good idea? Franchises pros and cons

(Video Length: 0:0:55) What is franchising and how does it work? Franchising occurs when an independent business owner opens one or more locations of an existing business by purchasing the brand rights from the company. When buying a franchise, a franchisee will have access to the business plan, trade secrets (such as recipes), marketing materials, …

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