The Concept of Franchise
a) Definition of the Franchise. The assignment of the franchise means that the owner of a business permits other people to launch a business with the same name and specifications, work and service methods, earn money from it, and in return receives a fee for the franchise.
b) The Franchise Fee. There are several ways to get it: take it in full at the beginning; take it as a withdrawal from the sale over time; or combine both, an amount at the beginning and a certain amount monthly or weekly from the sale.
c) Ownership of the Franchise and Chain Stores. Franchise is another model of chain stores, with the difference that the management of each store is left to someone else: the store manager is also its owner.