[clairity]

mcdonald's is actually a good example. it's at least 3 businesses on top of the nominal one of fast food: franchising, supply chain, and real estate. franchisees pay for access to the mcdonald's brand, trademarks, and shared marketing. in addition, mcdonald's corporate provides complete supply chain support, so franchisees buy all of their food and materials through mcdonald's itself or from its approved suppliers. mcdonald's corporate also owns the real estate that many franchises sit atop, so it's a landlord to boot.

it'd be easy to split those businesses into separate ones, as it's plainly obvious that all three businesses can viably stand alone, apart from serving fast food. you might argue that that'd dilute the brand value because the product wouldn't be as uniform, but you just have to look at the international variation to realize that that's not so important to brand value.