A form of business organization in which a firm which already has a successful product or service (the franchisor) enters into a continuing contractual relationship with other businesses (franchisees) operating under the franchisor's trade name and usually with the franchisor's guidance, in exchange for a fee. Some of the most popular franchises in the United States include Subway, McDonalds, and 7-Eleven.

Use franchise in a sentence

I've been saving for years, and I finally just got approved to open a Wendy's franchise restaurant in my home town.

​ Was this Helpful? YES  NO 10 people found this helpful.

They're so proud of little Suzy: from her first lemonade stand at age 7, to her Sour Stuff franchise at the ripe old age of 9, she's really dived into the family business.

​ Was this Helpful? YES  NO 3 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
intangible asset intangibles