What is a Franchise ? A franchise is a joint venture between a franchisor and franchisee. The original business owner is the franchisor. He sells the right to use idea and name. the franchisee buys this right to sell the franchisor’s services, goods or idea under an existing business model. Best franchise business ideas in Mumbai: Best franchise business opportunities at lower price in Mumbai: 1) Gold’s Gym franchise:  Gold’s gym has become the largest co-ed gym chain in the world within 27 countries over more than 700+ clubs, with more than 3 million customers. In India they have 150+…