What is a franchise?

A way to establish your own business
Franchising is a system of associated business between companies that are financially and legally independent, but which are linked by a contractual relationship. One party (the franchisor) grants to the other or others (the franchisees), in exchange for economic compensation, the right to use a brand and/or a commercial formula as materialized in some distinctive trademarks, while at the same time ensuring the availability of the necessary technical assistance and regular services designed to facilitate such operations. It is important to have a clear understanding of what franchising is and how it works.
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Negocios account
The account for your business without a maintenance fee.
When setting up your own business, there are many options to take into account. One of the most important is whether to set up a business on your own, from the ground up, with all the uncertainties that this involves, or to set up a franchise, with its successfully tested and operating business model and with established know-how that is used in all its franchises. However, there are advantages and disadvantages of buying a franchise agreement.
Franchising is becoming increasingly important in terms of commerce and services in cities, not just because of the revenue they generate, but also because they promote the creation of small businesses (franchisees) and provide employment.
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