GLOSSARY

Business Model – Owner Operator

If the lights are on, doors are open, the franchise owner is working full-time within the business.

All Glossary Terms

Business Model – Absentee Ownership

Business Model – Manage the Manager

Business Model – Owner Operator

Company Owned Unit

Development Schedule

Financial Performance Representation

Franchise Agreement

Franchise Disclosure Document (FDD)

Franchise Fees

Franchisee

Franchisor

Registration States

Territory

Validation