Definitions for "Conversion Franchise"
This is a franchise that permits existing businesses to join a national franchise system to use its recognized name and trademark and operating system.
A conversion franchise is one in which the franchisee previously ran an independent business similar to a franchisors, and converted the independent business to a franchised business.
A franchisor who allows existing businesses to convert to the franchisors brand for the purpose of being part of the franchised system.