from The American Heritage® Dictionary of the English Language, 4th Edition
- n. One that grants a franchise.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. A franchisor, a company which or person who grants franchises.
- n. A person who has the right to vote.
from The Century Dictionary and Cyclopedia
- n. A person having a franchise.
Sorry, no etymologies found.
The concept sounds appealing; Mr. Handyman franchisees wouldn't have to compete for such orders but would win them automatically if they were in the same region as the national-account client and had agreed to terms the franchiser had negotiated.
Answer: A benefit of franchising for the franchiser is the potential to expand quickly.
They can expand quickly because the franchiser can sell licences over a wide geographical area without having to manage the individual branches. (1 mark) A cost to the franchiser is the reputation of the company is outwith their control.
Burberry has operated in the country since the early 1990s through a partnership with franchiser Kwok Hang Holdings, but the brand added 13 new stores in China last year alone, bringing the total number of stores in the mainland to fifty.
"Helping franchisees access financing wasn't a franchiser function a couple years ago," says Shelly Sun , founder and CEO of BrightStar Franchising LLC, which provides home-health-care services and staffing.
A franchise for dog-grooming service Pooch Mobile requires an upfront investment of $59,000 for a franchise territory, a trailer outfitted with a water-pressurized dog bath, two weeks of training, marketing materials, grooming tools and shampoo to wash 100 dogs, says Annie Ellmers , the U.S. franchiser for the company, which started in Australia.
Meanwhile, the company—a hotel operator and franchiser that owns only a handful of the 4,520 hotels that bear any of its seven brands across the globe—is gearing up to launch an eighth hotel brand in the U.S., as well as an upscale line of hotels in China.
Wild Birds Unlimited Inc., a retail franchiser of bird accessories, started rolling out a systemwide social-media initiative about a year ago, says Jim Carpenter , founder and CEO.
"When franchisees aren't making money, that's when you see them form associations and sue the franchiser."
Franchisees typically sign lengthy agreements that require them to follow the rules of the franchiser, which commonly require arbitration to resolve a dispute, thus restricting their ability to file individual lawsuits.