Expanding a franchise concept through multi-unit agreements has benefits for both the franchisee and franchisor.
The franchising industry is booming with new brands creating more options for franchisors and franchisees. Individuals can fulfill their dreams of owning their own business through franchise ownership. One of the hottest forms of franchising is multi-unit franchising.
Over the past few years, there has been a steady expansion of multi-unit franchising allowing franchisees to operate more than one unit in a given territory. This attractive opportunity for entrepreneurs has grown drastically and multi-unit franchisees now own 53.9% of the total franchise units in 2022.
A multi-unit franchise can