What Is Business Franchising ?

In business franchising the franchiser grants an individual or corporate entity the rights to use its business model, sell its products, and use its trademarks for a percentage of gross monthly sales and a royalty fee. Various tangibles and intangibles such as national or international advertising, training, and other support services are commonly made available by the franchiser to the franchisee. According to Wikipedia, Franchising is a business model used in more than 70 industries and that generates more than $1 trillion in U.S. sales annually.