Franchising Model Business
In a franchising model you are selling another individual or company the right to use your business model and business name to essentially operate as an independent location of your company. With franchising you still retain a great deal of control over the actual operations of the other location and in many cases they have to share some costs with you. These costs may relate to branding and marketing of the business as a whole, which you still manage yourself but for which all franchises would benefit.
In a franchising model you are selling another individual or company the right to use your business model and business name to essentially operate as an independent location of your company. With franchising you still retain a great deal of control over the actual operations of the other location and in many cases they have to share some costs with you. These costs may relate to branding and marketing of the business as a whole, which you still manage yourself but for which all franchises would benefit.
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