franchisee
(noun)
A holder of a franchise; a person who is granted a franchise.
Examples of franchisee in the following topics:
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Franchises and Licenses
- A franchisee will then purchase the rights to sell the franchisor's products in a given area and benefit from the franchisor's marketing efforts.
- The franchisor makes money by selling rights to franchisees, while the franchisee profits by selling directly to customers.
- If a franchisee makes periodic payments to the franchisor over the contract's term, the franchisee does not record a franchise asset.
- Instead, the franchisee records a franchise expense when she pays the franchise fee.
- If the contract requires that a lump sum be paid up front to secure the franchise rights for several years, the franchisee would record a franchise asset on its balance sheet.