franchisor

  

Definition

The company that allows an individual (known as the franchisee) to run a location of their business.

The franchisor owns the overarching company, trademarks, and products, but gives the right to the franchisee to run the franchise location, in return for an agreed-upon fee. Fast-food companies are often franchised.


Use franchisor in a sentence

  • Many fast food restaurants are owned by a franchisor which must follow the company's rules in order to maintain his status and ownership within the company.

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  • In order to expand their business, the franchisor must build several buildings and allow others to provide the upkeep and maintenance of said buildings so their franchise can flourish and prosper.

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  • If you want to expand your business you can look for a franchisor to open up another location and run it for you.

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