When you hear the term “ franchise”, the most familiar example is fast food-such as Wendy’s, McDonald’s, or Burger King. Fast food and restaurants are not the only example of franchises, though their success is probably what brings them first to mind. Just about every industry you can think of includes a successful business practice sold as a franchise-from janitorial services to tires to haircuts. There are as many different franchise business systems as there are goods or services that people wish to use.