Types of Franchising:
Product and name franchising:
It is using franchisor's name and selling their products. Examples: 1. Schools. 2. Petrol pumps. 3. Car dealerships.
Business format franchising:
The whole business format of the franchisor is copied to the franchisee.
Piggyback franchising:
You operate within the premises of the franchisor to sell your own products.
You don't use their products nor their names.
Area developer:
In a specific region, you will open the outlets of the franchisor
Multiple unit ownership:
You control multiple franchises of a company.
Master License:
The franchisor makes you the master of choosing any franchisee you want.