Business Franchise

A Business Franchise is a business that is operated under the method of Franchising. Franchising is the licensing of trademarks and methods of doing business to another local or foreign entity. Simply put, a Franchise is a business operation that has been granted a license to operate under the name of another business. Franchising is a business concept that spans the entire world. It is by this means many companies have become big household name brands. The franchise operator does not necessarily have to operate in the same field as the company that it is franchised to operate, though it would be ideal.

Examples of franchises include Burger King, KFC, Wendy’s, True Value, Taco Bell, Subway, Texaco, BP, Pizza Hut, and many others. All these companies operate in hundreds of countries all over the world, not by the parent comapnies themsleves but by franchise holders. The franchise holders can be other business entities, private individuals and firms, or even merged groups. In Jamaica, Restaurants of Jamaica, Limited are the franchise holders for KFC and Pizza Hut. There are other entities that are franchise holders for gas companies like Shell and BP, hardware chains like True Value, and other fast food outlets and stores. By means of franchising, brand recognition and strength are achieved, thus driving up sales and ultimately profits.

Get no-nonsense, unbiased reviews and stats on all franchises at Franchise Gator.