Franchises are a very popular

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When a business wants to increase its market share or market its products in untapped areas, it can create a franchise for its product and brand.
The franchisor owns the original or existing business and sells the right to use its name and idea.
The franchisee is the individual who purchases the right to sell the franchisor's goods or services based on the existing business model and brand.

way for people to start a business, especially those who home owner data want to operate in a highly competitive industry like the food and clothing industry.
One of the biggest benefits of buying a franchise is that you have access to the brand of an established company, which means you don't have to spend additional resources to get your name and product in front of customers.

Startup costs and earning potential are obviously crucial factors to consider, but you also have to consider that the business may not take off.
Many first-time franchise owners have defaulted on franchising.