With a five-year success rate of 85%, buying a franchise has a variety of advantages over starting an independent business, ...

The author and editors take ultimate responsibility for the content. A franchise is a packaged business model that an entrepreneur, the franchisee, licenses from a brand owner, the franchisor.

In return, they get to join the franchise and benefit from using the business name and products, training, marketing and equipment. Advantages of a franchise include that is it already an ...

A franchise is a business that gives the right to another person or business to sell goods close goodsA product that can be touched. or services close serviceSomething a business provides that is ...