Franchise owners are individuals or entities that purchase the rights to operate a franchise, which is a business model that allows them to sell products or services under an established brand. They benefit from the support and recognition of the parent company, often receiving training, marketing assistance, and operational guidelines to help ensure their success.
Owning a franchise can be an attractive option for aspiring entrepreneurs, as it typically involves a lower risk compared to starting a business from scratch. Franchise owners must adhere to the rules and standards set by the franchisor, but they also have the opportunity to tap into a proven business model and a loyal customer base.