Franchising is a method of distributing products or services. At least two levels of people are involved in a franchise system: (1) the franchisor, who lends his trademark or trade name and a business system; and (2) the franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor’s name and system. Technically, the contract binding the two parties is the “franchise,” but that term is often used to refer to the actual business that the franchisee operates
February 11th, 2009 at 9:39 pm
Greetings,
It is interesting to know the franchise opportunities in service industry.
All the best.
N.Subramani
Biz Consultant.