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"become a franchise" is correct and usable in written English.
You can use this phrase when referring to someone or a business launching an additional business location or becoming part of a franchise system. Example: After acquiring several additional stores, the business owner decided to become a franchise and join a larger business network.
Exact(32)
Will "Iron Man" become a franchise?
To become a franchise who regularly compete is the aim.
A movie that sparkles with surprise should probably not become a franchise.
Now he will be compared to what the Jets hope he will become: a franchise quarterback.
Every fashion brand has to become a franchise or they will not survive".
'The Matrix' has become a franchise because of the signature of the Wachowski brothers.
Similar(24)
It became a franchise immediately.
" 'Terminator' became a franchise because of James Cameron.
'Batman' became a franchise because of the signature of Tim Burton.
As sure as night follows day, a hit film becomes a franchise.
After the success of "A Year in Provence," which captured the initial foray — restoring an 18th-century farmhouse in the Luberon — the trips became a franchise.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com