What does franchise mean in business ownership?
What does franchise mean in business ownership? A franchise is a business whereby the owner licenses its operations—along with its products, branding, and knowledge—in exchange for a franchise fee.
Is KFC a franchise?
Since then, franchise owners have helped write the history of KFC®, helping us grow into the most popular chicken franchise chain in the world, with more than 24,000 locations. Today, relationships with our franchisees have helped KFC® remain a global industry leader and together our story keeps getting better.
Do franchise owners have to work?
Depending on the type of franchise, you may feel the need to play an active day to day role in order for it to be successful. However, if that's not what you're looking for, there are plenty of franchises that allow you to be a business owner while maintaining your current forms of income.