Franchise

usgb/ˈfræntʃaɪz/
noun

A right given to a person or group to sell a company's goods or services in a certain area.

She owns a fast food franchise in the city center.
Visual representation of "franchise" - A right given to a person or group to sell a company's goods or services in a certain area

Often appears as...

  • own a franchise
  • buy a franchise

Usage tips

Formal

Business

Definition 1 of 5
Visual representation of "franchise"
LampPro Tip 1/2

Exclusive Territory

A franchise often provides exclusive rights to operate in a specific area, preventing others from selling the same brand there.

Illustration for Exclusive Territory
Her coffee shop franchise gives her exclusive rights in the downtown area.
LampPro Tip 2/2

Initial Investment

Buying a franchise usually requires an initial fee plus ongoing royalties to the franchisor.

Illustration for Initial Investment
He paid a large initial fee for his restaurant franchise.
Word comparison image

Compare with

authorizationbrandcertificateconcessionconsentlicenseownershippartnership
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Visual representation of the word "Franchise"

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