Entrepreneurship

A franchise is a legal and commercial relationship in which a franchisor (the brand owner) grants a franchisee (the operator) the right to run a business using the franchisor's systems, brand, and ongoing support — in exchange for fees and royalties. It is one of the most structured paths to…

Buying an established business offers a fundamentally different risk profile from starting one from scratch: there is a proven track record, existing customers, trained employees, and established cash flow. The buyer pays for these advantages — and must verify that they are real before signing.