franchisefranchisesfranchisedfranchiseefranchiseesfranchisordealerfranchise systemchainfranchise model
Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion.wikipedia
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restaurant chainchainretail chain
For the franchisor, use of a franchise system is an alternative business growth strategy, compared to expansion through corporate owned outlets or "chain stores".
A franchise retail establishment is one form of chain store.
Three important payments are made to a franchisor: (a) a royalty for the trademark, (b) reimbursement for the training and advisory services given to the franchisee, and (c) a percentage of the individual business unit's sales.
However, certain types of franchise agreements have comparable provisions.
United Drug CompanyRexall DrugRexall Train
About 40 druggists pooled $4,000 of their own money and adopted the name "Rexall".
After World War I, the cooperative established a franchise arrangement whereby independently owned retail outlets adopted the Rexall trade name and sold Rexall products.
Pizza Hut ExpressBook It!Pizzahut
Franchising in Australia commenced in a significant way in the early 1970s under the influence of the franchised US fast food systems such as KFC, Pizza Hut, and McDonald's. Pizza Hut, TGIF, Wal-mart, Starbucks followed a little later.
Pizza Hut is an American restaurant chain and international franchise which was founded in 1958 in Wichita, Kansas by Dan and Frank Carney.
Kentucky Fried ChickenKentucky Fried Chicken (KFC)Colonel Sanders
Franchising in Australia commenced in a significant way in the early 1970s under the influence of the franchised US fast food systems such as KFC, Pizza Hut, and McDonald's. (Even Colonel Sanders did not initially succeed in his Kentucky Fried Chicken franchising efforts.) Still, the Singer venture did not put an end to franchising.
Sanders identified the potential of the restaurant franchising concept, and the first "Kentucky Fried Chicken" franchise opened in Utah in 1952.
McDonald’sMcDonald's CorporationMcDonald's Restaurants
Franchising in Australia commenced in a significant way in the early 1970s under the influence of the franchised US fast food systems such as KFC, Pizza Hut, and McDonald's.
The present corporation credits its founding to franchised businessman Ray Kroc in on April 15, 1955.
foreign market entry mode
Franchising is also used as a foreign market entry mode.
The franchising system can be defined as: "A system in which semi-independent business owners (franchisees) pay fees and royalties to a parent company (franchiser) in return for the right to become identified with its trademark, to sell its products or services, and often to use its business format and system."
business modelsmodeloperating model
Where implemented, a franchisor licenses its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee.
T.G.I. FridayTGI FridayT.G.I. Fridays
Pizza Hut, TGIF, Wal-mart, Starbucks followed a little later.
Franchising of TGI Fridays began two years after the Manhattan location opened, in Memphis, Tennessee's Overton Square district; that location has since closed.
fast-foodfast food industryfastfood
The 1950s saw a boom in franchise chains in conjunction with the development of the U.S. Interstate Highway System and the growing popularity of fast food.
Franchise operations that are part of restaurant chains have standardized foodstuffs shipped to each restaurant from central locations.
Uniform Franchise Offering CircularFranchise Disclosure Document (FDD)Franchise Disclosure Documents
Although franchisor revenues and profit may be listed in a franchise disclosure document (FDD), no laws require an estimate of franchisee profitability, which depends on how intensively the franchisee "works" the franchise.
Social franchising also refers to a technique used by governments and aid donors to provide essential clinical health services in the developing world.
Social franchising is the application of commercial franchising concepts to achieve socially beneficial ends, rather than profit.
Enforcement of laws and resolution of contractual disputes is a problem: Dunkin' Donuts chose to terminate its contract with Russian franchisees who were selling vodka and meat patties contrary to their contracts, rather than pursue legal remedies.
As of February 9, 2017, all of Dunkin' Donuts locations are franchisee owned and operated.
When The Music Stops
When The Music Stops is an example of an events franchise in the UK, in this case, running speed dating and singles events.
When The Music Stops is a dating franchise operating in the United Kingdom.
This is a list of franchised businesses.
Franchise termination is termination of a franchise business license by a franchisor or a franchisee.
The American Association of Franchisees and Dealers (AAFD) acts as a consumer protection organization that exposes the unethical practices that exist in the franchising community, and to educate the public regarding fair franchise rules, and quality franchise opportunities.
HookerRexL. J. Hooker
It was however underway prior to this and a decade earlier in 1960 Leslie Joseph Hooker, considered a pioneer of franchising, created Australia’s first national real estate agency network of Hooker real estate agencies.
In the United States, franchising is regulated by a complex web of franchise rules and franchising regulations consisting of the Federal Trade Commission Franchise Rule, state laws, and industry guidelines.
Martha Matilda Harper (September 10, 1857, Oakville, Ontario – August 3, 1950, Rochester, New York) was a Canadian-American businesswoman, entrepreneur, and inventor who built an international network of franchised hair salons that emphasized healthy hair care.
FTCU.S. Federal Trade CommissionUnited States Federal Trade Commission
The Federal Trade Commission has oversight of franchising via the FTC Franchise Rule.
The Franchise Rule
In the United States, the Federal Trade Commission has oversight of franchising, rather than the US Securities and Exchange Commission.
Second World WarwarWWII
The boom in franchising did not take place until after World War II.