• Phillip G. Trigg, President | Veterans’ Transition Forum
    202 Church St. NE, Suite 100, Leesburg, VA 20175
    Veterans Transition Forum is a registered 501(c)3 non- profit, #45-5138922
    Office & Fax 888-729-5557 | Cell 703-403-6288 | ptrigg@vet-forum.org

What is Franchising?

Veterans' Transition Forum

What is Franchising?

Webster’s Dictionary lists a franchise as “the right or license granted to an individual or group to market a company’s goods or services in a particular territory.” Franchising is a business Entrepreneurship development and growth strategy that provides products and services to customers. You cannot purchase or buy a franchise. You acquire a “license” to operate the business, just as you acquired a driver’s license to operate your vehicle. As in driving your car, a franchisee must abide by certain guidelines established by the franchisor. As part of doing business you will most likely be required to purchase equipment and inventory to operate the business successfully. We will provide details of the franchisor and franchisee relationship early in our process of our working with you.

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