10 Interesting Fact About Franchising

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• Franchising is a popular form of business throughout the world.
• The concept of franchise first appeared in the United States in the late 19th century.
• McDonalds Franchise is one of the most successful franchise businesses in the world.
• Franchising can help new entrepreneurs start a business more easily.
• Franchise can be a food, beverage, or even health service business.
• Franchisee (people who buy franchise rights) must pay royalties to the franchisor (trademark owner).
• Franchisee usually gets support and training from franchisors.
• The franchisee must also comply with the operational standards determined by the franchisor.
• Franchising can help expand business reach quickly.
• Franchisee can take advantage of a known trademark and have a strong customer base.