There are four types of <a href="https://sgfranchiseadvice.com/blog/franchise-model/">franchise models</a> Company Owned Company Operated (COCO): An outlet owned by a company and managed by the company. Company Owned Franchise Operated (COFO): An outlet owned by a company and managed by a franchisee. Franchise Owned Company Operated (FOCO): An outlet owned by a franchisee and managed by the company. Franchise Owned Franchise Operated (FOFO): An outlet owned by a franchisee and managed by the franchisee.