Published: September 5, 2024
Updated: September 6, 2024
Welcome to the Franchising Guide
What is the Franchising Industry?
According to the International Franchising Association, “a franchise (or franchising) is a method of distributing products or services involving a franchisor, who establishes the brand’s trademark or trade name and a business system, and a franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor's name and system” (n.d., para. 1). Tim Hortons, Motel 6, and Two Men and a Truck are just three examples of large franchises in Canada (Canadian Franchise Association, n.d.).
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Photo by Erik Mclean on Unsplash