
A franchise is a business owned by an independent operator who pays for the right to use another company’s brand, products, and operating system. The franchisor supplies the model and support; the franchisee invests capital, runs the local business, follows the agreed standards, and usually pays continuing royalties.
That exchange can accelerate a new operator’s start, but it does not remove business risk. The value lies in a tested identity and a repeatable way of working, while the tradeoff is less local freedom and a continuing financial obligation to the franchisor.
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