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