franchisee

[fran-chahy-zee]
noun
a person or company to whom a franchise is granted.

Origin:
1960–65; franchise + -ee

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
franchise (ˈfræntʃaɪz)
 
n
1.  the franchise the right to vote, esp for representatives in a legislative body; suffrage
2.  any exemption, privilege, or right granted to an individual or group by a public authority, such as the right to use public property for a business
3.  commerce authorization granted by a manufacturing enterprise to a distributor to market the manufacturer's products
4.  the full rights of citizenship
5.  films a film that is or has the potential to be part of a series and lends itself to merchandising
6.  (in marine insurance) a sum or percentage stated in a policy, below which the insurer disclaims all liability
 
vb
7.  chiefly (US), (Canadian) (tr) commerce to grant (a person, firm, etc) a franchise
8.  an obsolete word for enfranchise
 
[C13: from Old French, from franchir to set free, from franc free; see frank]
 
'franchisee
 
n
 
'franchiser
 
n
 
franchisement
 
n

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Example sentences
Franchising involves two parties, the franchiser and the franchisee.
Do not give any franchise rights to countries that do not have a resident
  franchisee.
But, one franchisee said, it may not be a permanent fixture on the menu.
Rumor had it the franchisee folded due to overexpansion.
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