01/06/2010
Franchising dates back to at least the 1850s; Isaac Singer, who made improvements to an existing model of a sewing machine,
wanted to increase the distribution of his sewing machines. His effort,
though unsuccessful in the long run, was among the first franchising
efforts in the United States. more ....
Franchising is the practice of using another person's business model. The franchisor grants the independent operator the right to distribute its products, techniques, and trademarks for a percentage of gross monthly sales and a royalty fee. ...