During the third quarter, we closed one underperforming company-owned and three franchise BurgerFi restaurants as we continue to rightsize our portfolio.

Source: https://seekingalpha.com/article/4652195-burgerfi-international-inc-bfi-q3-2023-earnings-call-transcript?source=feed_all_articles

Now, this part can be a bit pricey – setting up a bunch of company-owned spots to show off your genius idea to future franchisees.

Source: https://seekingalpha.com/article/4638020-chipotle-mexican-grill-following-bill-ackman-rationale-owning-stock?source=feed_all_articles

On occasion, we will report a third component, company-owned revenue, which would be related to operations that are not marketed as a potential franchise and are managed by us instead of a franchisee.

Source: https://seekingalpha.com/article/4588123-hirequest-inc-hqi-q4-2022-earnings-call-transcript?source=feed_all_articles

Party City is the largest retailer of party goods in the United States, Canada, and Mexico, operating over 750 company-owned and franchise outlets, with three right here in the Capital Region - but that number is dwindling.

Source: https://wibx950.com/ixp/81/p/popular-chain-files-bankruptcy-is-the-party-over-in-upstate-ny/