A franchise is a business in which independent entrepreneurs use the rights to a larger company’s business name, logo, and products to operate an individual location. The franchisor is the owner of the larger company who sells the rights to license their business to a the third-party owner or operator of the business locations.
Numerous advantages come with this opportunity. Profiting from the franchisor’s well-known brand while effectively running your own business is possible. The risks generally involved with starting a brand new firm are eliminated by the most lucrative low failure rates