If you own a FRANCHISE rather that a pure private business then indeed you meet the standards set by the people in charge of licensing franchises. It’s very American, we’re the country that perfected the franchise system.
“If you own a FRANCHISE ...”
Well, put, but a legal/technical point; you are describing a “franchisee”. They “own” nothing but whatever was agreed to, (for example, an exclusive license to operate in a particular area) and they definitely don’t own the franchise. The “franchisor” does.
Ah, but we don’t know what the franchise rules are in this situation, do we?