What is Franchise?
A franchise is an arrangement where a brand owner (the franchisor) lets another person (the franchisee) run an outlet under its name and system, usually for a fee or share of sales.
Updated
Meaning
English
A franchise is an arrangement where a brand owner (the franchisor) lets another person (the franchisee) run an outlet under its name and system, usually for a fee or share of sales.
Roman Urdu
Franchise me brand ka malik kisi doosre ko apne naam aur tareeqe se outlet chalane ki ijazat deta hai, aksar fees ya Sale ke hissay par.
Also called franchising, franchise business.
Example
A pizza brand lets a family open an outlet in Multan. The family pays an agreed fee and follows the brand's menu and rules.
What matters in the numbers
A franchisee needs its own clean records: sales, stock, expenses and what is owed to the franchisor, because the agreement may depend on those figures. A franchisor needs to see outlet sales and stock without waiting for a monthly sheet. Agreements differ, so read the contract carefully.
In Nafaa
Nafaa can run several branches under one account with per-branch sales and stock, which helps owners of multiple outlets. See multi-branch POS.
Related terms
- Multi-Branch Management
Multi-branch management is running several shops or outlets from one system, with each branch's stock, cash and sales kept separately and seen together.