Franchise ownership involves purchasing the rights to operate a business under an established brand. This model allows individuals, known as franchisees, to benefit from the brand's reputation, marketing support, and operational systems. Franchisees typically pay an initial fee and ongoing royalties to the franchisor, who provides training and resources. Franchise ownership can be an attractive option for those seeking to start a business with a proven concept. Popular franchises include fast-food chains like McDonald's and service providers like Hampton Inn. This arrangement can reduce some risks associated with starting a new business from scratch.