What is franchising?

In: Small Business and Entrepreneurship [Recategorize]

Its running a business from a corporation that has established a name and history with certain products and services ,in return a person can open a franchise with the help of the corporation. the person has to follow certain guidelines for the franchise business. for example- McDonalds is a franchise and the store has all the same food items and certain designs. the corporation gets a portion of money because they are the ones that spent years and year building up the history for that store and they know it will succeed. some franchises offer different packages for people that want to go into business. you just have to check around and find out which one is the best. some start you out with the building, supplies, and you don't start paying until six months later and others make you pay up front.

In other words basically if I was to pay McDonalds certain amount of money to sell for on their behave because you are popular... :p

First answer by Vizzini. Last edit by Masoodhaqdad. Contributor trust: 44 [recommend contributor]. Question popularity: 86 [recommend question]

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