A franchise network is a business model in which a company, known as the franchisor, grants the rights to use its brand, products, and services to independent entrepreneurs, known as franchisees, in exchange for a fee and ongoing royalties. This network of interconnected businesses operates under the same brand and follows the same business model, allowing for consistency and uniformity across locations. Franchise networks offer entrepreneurs the opportunity to own and operate their own business while benefiting from the support and resources of an established brand. This mutually beneficial relationship allows for the expansion and growth of the franchise network, creating a strong and recognizable presence in the market.