Franchise

/ˈfræntʃaɪz/
Definition 1 of 5
Visual representation of "franchise"
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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.
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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.
Visual representation of the word "Franchise"

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