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I think most are run by franchise groups that own a lot of franchises.
Most likely they also own the land or can negotiate better terms because of their size. Same for negotiating with vendors and the various corporate entities as well.
E.g. it seems like it isn’t something you want to do as an individual but as a corporation that owns several. Aka you need money to even have a chance to do it in a way that makes sense.
The biggest one I know is Collins Foods Australia. It runs a significant chunk of KFC in Australia, Germany, and the Netherlands along with Taco Bell in Australia https://www.collinsfoods.com/about-us/