eli5 what is a franchised store?

Question

I work at a franchised store but what is the difference between franchised and just a regular store

In: 0

Answer 1

In a franchised store, the large company does not own or run the store. An individual (franchisee) pays a fee to the large company for the right to open and run a store under that brand. The large company can enforce rules on how the store is run, and require that all supplies and procedures come from the large company. The franchisee pays for those, as well as ongoing monthly fees to use the name and processes.

In return, they have a ready-to-go business with name recognition and the backing of national advertising to help promote the store.