Franchises

franchise refers to the method of practicing and using another persons philosophy of business. The "franchisor" authorizes the proven methods and trademarks of his business to the "franchisee" for a fee and a percentage of gross monthly sales. Various tangibles and intangibles such as national or international advertising, training, and other support services are commonly made available by the franchisor. Agreements typically last five to twenty years, with premature cancellations or terminations of most contracts bearing serious consequences for franchisees.

The franchise market sector is now worth £12.4 billion a year. In the sports and leisure sector there are franchises of different types available. For example, there are several well known sports coaching franchises.