What is the difference between owner and franchisor?
What is the difference between owner and franchisor? The main difference between franchising and buying an existing business is the level of control you'll have over your business. A franchise is a business model where one business owner (the franchisor) sells the rights to their business logo, name, and model to an independent entrepreneur (the franchisee).
Can a franchisor sell a franchise?
Franchisors do not need their franchisees' consent to sell, and they are not required to cure outstanding defaults or consider the potential impact on franchisees when they seek to court the highest bidder.