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A master franchise is a franchise relationship in which the owner of the franchise brand (the master franchisor) grants to another party the right to recruit new franchisees in a specific area. In exchange, the other party typically pays some price as well as agreeing to take on some or all of the responsibility to train and support new ...
According to a 2012 article in Innovations, a peer-reviewed academic journal, microfranchising "has its origins in Bangladesh’s system of community health promoters, or shasthya shebikas in Bengali, which is the core of BRAC’s approach to providing low-cost health care."
The word franchise is of Anglo-French derivation—from franc, meaning 'free'—and is used both as a noun and as a (transitive) verb. [2] For the franchisor, use of a franchise system is an alternative business growth strategy, compared to expansion through corporate owned outlets or "chain stores". Adopting a franchise system business growth ...
A&W (Canada) A&W Restaurants, fast food; AAMCO Transmissions, automotive; Aaron's, Inc., furniture rental Ace Hardware; AC Hotels; Advantage Rent a Car, rental; cars Aladdin's Eatery
The primary thrust was aimed at the BRIC nations, with several new master franchise agreements in those countries that will eventually create upwards of 2500 new stores by 2020. [ 34 ] [ notes 1 ] One of these deals also creates the single largest international franchise agreement in the company history, a deal to open over 1000 stores in China ...
Westlife Foodworld Limited (formerly Westlife Development Limited) [7] is an Indian fast food restaurant holding company. Its wholly owned subsidiary Hardcastle Restaurants Pvt. Ltd. (HRPL) holds the master franchise for McDonald's in western India and South India .
Jubilant FoodWorks Limited is an Indian food service company based in Noida, which holds the master franchise for Domino's Pizza in India, Nepal, Sri Lanka and Bangladesh, for Popeyes in India, Bangladesh, Nepal, and Bhutan, and also for Dunkin' Donuts in India. [6]
The Calgary-based franchise operating in the smoothie industry oversaw 133 locations at the time it was acquired. [63] [64] In Quebec, the franchises are branded as 'Jus Jugo Juice' under the company's interpretation of Bill 96. That same month, MTY also purchased the Mr. Sub franchise for $23 million; at the time it was a chain of 335 sandwich ...