There is a common misconception among prospective franchisees that they’re “buying†a franchised business when, in the majority of cases, they’re really only “renting†it.
It’s a simple explanation for a more complicated topic “term” and if you’re a franchisee, once the term of your franchise agreement ends, subject to any right you have to renew, so does your right to operate the franchised business.
The term of a franchise agreement can be any period of time, but in my experience, contracts for retail “bricks and mortar†businesses are normally five years. Full article.