the.com/franchising
cloning a business's soul while renting out its name, so someone else can lose sleep over it.
means a business model where a company licenses its brand, systems, and playbook to independent owners who pay fees for the right to copy it exactly.
from from old french 'franchir,' meaning to free or grant a privilege — medieval kings franchised the right to hold markets or collect tolls; singer sewing machines and coca-cola later turned it into a way to sell a whole business format, not just a product.
biggest franchisorsubway has more locations than mcdonald's globally.
failure rate mythfranchises fail almost as often as independent startups, actually.
real product soldthe franchisor sells the system, not the burger.
fee structurefranchisees pay upfront fees plus ongoing royalty percentages forever.