Franchise fees refer to the initial payment made by an individual or company to obtain the rights to operate a business under an established brand or trademark. These fees typically cover the cost of training, support, and access to the franchisor’s business model and resources. In exchange for the franchise fees, the franchisee gains the opportunity to use the franchisor’s name, products, and services, as well as benefit from their established reputation and customer base. Franchise fees are a crucial aspect of the franchising process and are often a significant investment for the franchisee, but they provide the potential for long-term success and profitability.