Entrepreneurs who want to open a franchise have to buy the rights from the parent company and invest in a location approved by the parent company.
Franchising refers to a method for expanding a business and distributing goods and services through a licensing relationship.
The two parts involved in a franchise are: franchisors, a person or company that grants the license to a third party fto conduct a business under their marks; and the franchisees, who is granted the license to do business under the trademark and trade name by the franchisor.
