eli5 what is a franchised store?

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

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A franchise is a company that is owned by an independent owner that uses the branding and products of the parent company. For example, McDonald’s corporation doesn’t own most McDonald’s stores. They are owned by independent owners who pay a franchise fee to McDonald’s and agree to keep a standard of quality and service.

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