the.com/franchises
buying someone else's success and paying rent on it forever.
means a franchise is a license to run a business using another company's brand, systems, and playbook, in exchange for fees and a cut of revenue.
from from old french franc, meaning free — a franchise originally meant a grant of freedom or special privilege from a king, like the right to hold a market; mcdonald's just modernized the royalty system.
royalty mathfranchisees often pay 4-8 percent of gross revenue forever
subway problemhas more locations than starbucks and mcdonald's combined
failure ratelower than independent startups, but so is the upside