Franching is the best way to expand a business globally, generally if your business is successful and you want to open more stores in foreign countries you do franchising. For example what KFC, Domino’s all do. A very effective method to expand a business nationally as well as internationally,
In this, a parent company gives the right to another company to conduct business using the parent company’s name/ brand and products. The parent company becomes the franchiser and the receiving company becomes the franchisee. Many of the biggest restaurant chains in the world have used the franchisee model to expand internationally. Some examples include – McDonald, Pizza Hut, Starbucks, Domino’s Pizza and many more.