SIC Code 6794-01 Description (6-Digit)

Franchising is a business model in which a company (the franchisor) grants the right to use its trademark, products, and business processes to another company or individual (the franchisee) in exchange for a fee. The franchisee operates under the franchisor's established brand and business model, and receives support and training from the franchisor. Franchising is a popular way for businesses to expand quickly and efficiently, as the franchisee is responsible for the costs of opening and operating the franchise location.

Hierarchy Navigation for SIC 6-Digit Code 6794-01

Parent Code (less specific)

6794 - Patent Owners and Lessors

Tools

Franchise Disclosure Document (FDD): a legal document that franchisors must provide to potential franchisees, which includes information about the franchisor's business model, fees, and obligations.
Operations Manual: a guidebook that outlines the franchisor's business processes and procedures, which the franchisee must follow.
Franchise Management Software: software designed to help franchisors manage their franchise network, including tracking sales, inventory, and franchisee compliance.
Franchisee Training Programs: programs designed to train new franchisees on the franchisor's business model, products, and processes.
Franchise Marketing Materials: materials designed to promote the franchisor's brand and products, which the franchisee can use to market their location.
Franchisee Support Services: services provided by the franchisor to help franchisees with issues such as site selection, lease negotiation, and marketing.

Industry Examples of Franchising

Fast Food Franchises
Fitness Center Franchises
Hotel Franchises
Automotive Repair Franchises
Cleaning Service Franchises
Hair Salon Franchises
Real Estate Franchises
Education Franchises
Pet Care Franchises
Senior Care Franchises

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