The appearance on the market of such a concept as a franchise has changed the concept of business radically. Beginning in 1851 (the first franchise appeared then) and to this day this area has been developing both financially and economically, continues to consolidate and maintain its position. This development is due to the fact that the popularity of this business model is growing exponentially. It should be defined what exactly is a franchise? What is it for and how is it arranged? A franchise is a business model in which you (a franchisee) buy from a large business (franchisor) the right to use its own brand names and work algorithms: logos, trademarks, technology. You buy a brand that has a positive reputation in the market, and a ready-made business model for running your own business. Franchise is a modern and profitable trend that will allow you to save a lot of time for implementing a startup from scratch, help to avoid problems with the development and promotion of your business.
Unfortunately, unscrupulous franchises exist on the market today, and in order not to become a victim of scammers, there is a black list of franchises - a section that collects all the negative experiences of customers.