Key Takeaways. A franchise is a business whereby the owner licenses its operations—along with its products, branding and knowledge—in exchange for a franchise fee. The franchisor is the business that grants licenses to franchisees
Business Franchising Opportunity is very good because it provides an infrastructure and ongoing support that business opportunities generally don't. Depending on the business opportunity, there may be system-wide savings on the cost of products and services sold to customers - a standard also with most well developed franchise systems.
