What is the difference between a franchise and a franchisor?

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. The Franchise Rule requires franchisors to disclose key operating information to prospective franchisees.

What is business format franchising?

This method includes items such as training, computer systems, marketing plans, operations manuals, and more. Most franchises available are business format opportunities. Despite its popular association with food, business format franchising is extremely diverse and not confined to a narrow range of business segments.

What is a franchise & how does it work?

What Is a Franchise? What is a Franchise? A franchise (or franchising) is a method of distributing products or services involving a franchisor, who establishes the brand’s trademark or trade name and a business system, and a franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor's name and system.