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Franchise n Retail gives you a Top Franchise Business Opportunities, A franchise business is a type of business model in which a company (known as the franchisor) grants the rights to another person or group (known as the franchisee) to use its brand name, business model, products, and services for a fee. In other words, a franchisee buys the right to operate a business that is already established and successful, using the franchisor's proven business methods and marketing strategies. In exchange for the franchise fee, the franchisor typically provides the franchisee with training, support, and ongoing assistance. This can include things like marketing materials, operations manuals, access to a network of other franchisees, and assistance with site selection and lease negotiations.