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  • Mar 07, 2016
  • Joel Caws
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What is franchising?

Franchising is where the owner of a successful business ("the franchisor") licenses the use of its operating systems, brand, and other intellectual property, to enable another party ("the franchisee") to set up and operate an identical business elsewhere.

It provides initial training and give ongoing support to the franchisee. In return the franchisee pays the owner an initial fee and an ongoing management fee.

Watch the video below to learn more about what franchising is.

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