Franchise

Franchise

A franchise is an agreement that enables a third-party to market and sell goods or services, which are owned by another manufacturer or supplier, in a particularly territory. The franchise is subject to the terms and conditions of a contract, which can include an obligation for the original manufacturer to provide national advertising or to train staff in return for the meeting of specified sales targets. The third-party usually keeps a certain percentage of sales income.

In other cases, a franchise may involve the licensing of a third-party to manufacture a product to the specification of the franchisor and the sale of this product to retailers.

Many large corporations offer franchise opportunities, such as a McDonalds franchise, a Starbucks franchise or a Subway franchise. There are very successful franchises for sale, you can attend a franchise exhibition to obtain more information on franchise opportunities.

Back to Glossary Index

Payment Processing Services by NOIRE

NOIRE provides industry leading online payment processing services & risk management technologies. Designed using NOIRE, “Simply Switch On”, approach to payment processing, our payment solutions are built using the latest payment processing technology enabling businesses to “Plug In” and “Switch On” payment modules with ease if and when required.

As a leading Payment Service Provider, you can trust NOIRE to find the right solution for your business. We provide everything in one simple agreement – your Internet Merchant Account, Payment Gateway and Payment Processing with all the leading cards issuers. Combined with NOIRE’s industry leading fraud & risk management solutions, merchants can be confident managing their payments safely and securely from beginning to end with NOIRE.