Franchisee: meaning, definitions and examples
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franchisee
[ ˈfrænˌtʃaɪziː ]
business relationship
A franchisee is an individual or company that is granted the right to operate a business under the franchisor's brand and systems. This arrangement allows the franchisee to sell products or services using the franchisor's trademark, business model, and support systems. In return, the franchisee typically pays a franchise fee and ongoing royalties to the franchisor. This relationship is governed by a franchise agreement, outlining the rights and responsibilities of both parties. Franchisees benefit from operating under an established brand, which can reduce the risks associated with starting a new business from scratch.
Synonyms
business licensee, franchise owner, franchised operator.
Examples of usage
- The franchisee opened a new location in the city.
- As a franchisee, she had access to extensive training.
- The franchisee must adhere to the brand's standards.
- Many franchisees find success with the right support.
- A franchisee can operate independently while using a well-known brand.
Translations
Translations of the word "franchisee" in other languages:
🇵🇹 franqueado
🇮🇳 फ्रैंचाइजी लेने वाला
🇩🇪 Franchisenehmer
🇮🇩 penerima waralaba
🇺🇦 франчайзі
🇵🇱 franczyzobiorca
🇯🇵 フランチャイジー
🇫🇷 franchisé
🇪🇸 franquiciado
🇹🇷 franchise alan
🇰🇷 프랜차이즈 가맹점
🇸🇦 امتياز
🇨🇿 franšízant
🇸🇰 franšízant
🇨🇳 特许经营者
🇸🇮 franšizojemalec
🇮🇸 franchísa
🇰🇿 франшиза алушы
🇬🇪 ფრანჩაიზი
🇦🇿 franşiz alan
🇲🇽 franquiciado
Etymology
The term 'franchisee' is rooted in the Middle French word 'franchir', which means 'to free'. Historically, a franchise was granted by a ruler to a private individual or company, providing specific rights or privileges such as the exclusive right to trade in a certain area. This concept evolved over time, especially in the 20th century, as businesses began to offer franchise opportunities to expand their brand reach. In the modern business landscape, franchising is a common business model that allows individuals to leverage the power of established brands while contributing to their own entrepreneurial endeavors. The establishment of formal regulations surrounding franchises further solidified the role of franchisees in the marketplace, making it a recognized and structured form of business ownership.