Most Successful Franchise In The World
Food Court India is the most successful franchise in the world , with over 13 outlets and 15 million customers. The majority of Food Court India's success can be attributed to it being a family-run business. What is a franchise? Answer: A franchise is a type of business where the company (franchisor) grants a license to an individual or group (franchisee) to use its trademark and business model to operate a business in a specific area. Franchises are popular because they offer a proven business model and support from the franchisor. A franchiser is the owner of the larger company who sells the rights to license their business, and the franchisee is the third-party owner and operator of the business locations. The franchisee obtains access to the brand's loyal consumer base, creative support, legal counsel, and training support. Before entering into this model, investors and businesses should thoroughly research their potential partners. How to Evaluate a Franchise Opportunity