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  1. Dictionary

    fran·chise
    [ˈfranˌ(t)SHīz]
    noun
    franchise (noun) · franchises (plural noun) · franchise player (noun) · franchise players (plural noun) · the franchise (noun)
    1. an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, e.g., providing a broadcasting service or acting as an agent for a company's products:
      "Toyota granted the group a franchise" · "lagers brewed under franchise" · "franchise holders"
      • a business or service given a franchise to operate:
        "fast-food franchises dot the roadside"
      • a general title or concept used for creating or marketing a series of products, typically films or television shows:
        "the Harry Potter franchise"
      • (chiefly in North America) an ownership structure in professional sports in which a league is limited to a fixed number of teams.
      • NORTH AMERICAN ENGLISH
        an authorization given by a league to own a sports team:
        "the two cities will be awarded franchises as the teams join the National League"
      • NORTH AMERICAN ENGLISH
        informal
        a professional sports team.
      • NORTH AMERICAN ENGLISH
        informal
        a star player in a team.
    2. (the franchise)
      the right to vote:
      "the franchise was limited to Estonian citizens" · "the election by universal franchise of a constituent assembly"
      • the rights of citizenship:
        "the bishop's authority was deployed to extend the franchise of civilized Christian living"
    verb
    franchise (verb) · franchises (third person present) · franchised (past tense) · franchised (past participle) · franchising (present participle)
    1. grant a franchise to (an individual or group):
      "a franchised dealer"
      • grant a franchise for the sale of (goods) or the operation of (a service):
        "all the catering was franchised out"
    Origin
    Middle English (denoting a grant of legal immunity): from Old French, based on franc, franche ‘free’ (see frank). franchise dates from the late 18th century and franchise from the 20th century.
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    Similar and Opposite Words
    noun
    1. an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, e.g., providing a broadcasting service or acting as an agent for a company's products:
    2. the right to vote:
    verb
    1. grant a franchise to (an individual or group):
      grant/give a license to
      grant/give a permit to
      grant/give authorization to
      grant/give authority to
      grant/give the right to
      grant/give leave to
      grant/give permission to
      give power to
      give the stamp of approval to
      give approval to
      Opposite:
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    2. People also ask
      What are the criteria for franchisability?The next criteria of franchisability is the ability to teach a system to others. To franchise, a business must generally be able to thoroughly educate a prospective franchisee in a relatively short period of time.
      Is franchising a good business model?The National Labor Relations Board 's immediate target is franchising, the business model in which a larger “franchiser” enables a small business (the “franchisee”) to use its brand. Restaurants, hotels, healthcare companies, and dozens of other industries use this model, which makes it easier for entrepreneurs to start a small business.
      Is your business ready for franchising?It is true that almost any business can be franchised. However, not every business can be franchised successfully. The first thing you need to do is to step back and objectively identify whether franchising is suitable for you. A business ready for franchise should be credible, sustainable, teachable, unique and profitable.
       
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