A franchise business is a kind of venture where the owner (franchisor) grants the operations, procedures, knowledge, methodologies and the brand to another individual or party In exchange for an amount known as the franchise fee. Well, in simple terms, a franchise business is an already established venture transferred to another individual for him to carry out commercial business activities. Franchising is a great manner to grow and evolve your business. Franchising has succeeded in almost all industries be it food, travel, retail, beauty, fitness, automotive, etc.
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