1. a person or company that is granted the right to operate a business using another company's name, brand, and business model in exchange for fees and royalties
Usage: commonly used in business and commerce contexts

Examples

• The franchisee opened three new locations within two years of signing the agreement.
• As a franchisee, she was required to follow the company's strict operational standards.
• The fast-food franchisee paid an initial fee of $250,000 to start the business.
• Many franchisees report higher success rates compared to independent business owners.
• The contract outlined the franchisee's responsibilities for marketing and customer service.
• He became a franchisee after working in the industry for over a decade.