There is more than one kind of franchising, but here is a basic description of what "business-format" franchising is.

Franchising is a method of business expansion whereby a business owner or manager allows someone to market products or services under their name and trademark and in strict adherence to a system he/she prescribes. In return, the franchisee, as that person (or organization) is called, pays a fee and, usually, an ongoing royalty. Moreover, the franchisee pays all of the costs of getting into his or her own business.

As you can see, if you are seeking a growth opportunity for your present business, franchising unquestionably presents an attractive, enticing option. There is more information about why businesses look at franchising to expand, check the "Why Franchise?" page to gain more insights.

If you are looking for more indepth informaion on franchsing consider attending one of Francorp's "Franchise Your Business" Seminars that cover all of the critical issues anyone thinking about franchising should consider.

Is your business ready for franchising? Take the Quiz!