C1nounbusinessmoney
US/ˈfræn.tʃaɪz/
UK/ˈfræn.tʃaɪz/
a business that sells a company's products under its name, or the right to do so
In context
She bought a coffee shop franchise and opened her first store in May.
The franchise fee is fifty thousand dollars, plus a monthly royalty.
This fast food chain has more than two hundred franchises nationwide.
Words that go with franchise
noun + noun
- franchise feeThe franchise fee must be paid in advance.
- franchise agreementRead the franchise agreement carefully before you sign.
- franchise ownerThe franchise owner trains every new employee.
- fast food franchiseA fast food franchise needs a busy location.
verb + noun
- buy a franchiseThey plan to buy a franchise in Chicago.
- open a franchiseHe opened a franchise near the airport.