Topics
Franchising
Franchising is a business model in which a company (the franchisor) grants the right to use its brand, products, processes, and intellectual property to another business (the franchisee) in exchange for a fee. The franchisee operates its own business using the franchisor's systems and support, and pays the franchisor a percentage of its sales as a royalty.
Franchising can be an attractive option for businesses looking to expand quickly because it allows them to enter new markets without the costs and risks of setting up their own locations. It can also be a good option for individuals looking to start their own business because it provides them with the support and resources of a larger, established company.
There are many successful franchises in the UK, including:
- McDonald's: A fast food chain that is known for its burgers, fries, and other menu items.
- Subway: A sandwich chain that allows customers to build their own sandwiches using a variety of breads, meats, vegetables, and toppings.
- KFC: A fast food chain that is known for its fried chicken and other menu items.
- Virgin Active: A fitness chain that offers a range of gym equipment, fitness classes, and other amenities.
- Pizza Hut: A pizza chain that offers a variety of pizzas, pasta dishes, and other menu items.
See also
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McDonald's Raises Prices Again
16th February 2023
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What are franchises as a business model?
Study Notes
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First Group wins extended franchise for rail services
23rd March 2015