A franchise is a right granted to an individual or group to market a company's goods or services within a certain territory or location.
Franchising began back in the 1850's when Isaac Singer invented the sewing machine. In order to distribute his machines outside of his geographical area, and also provide training to customers, Singer began selling licenses to entrepreneurs in different parts of the country.
The reason why franchising has been around for decades is because it is a great way for individuals to own and operate their own business.
Read more: https://www.entrepreneurshipsecret.com/understanding-franchise-system-of-enterprise/