The local "owner" is just a title, if i own a company, or anyone does, u can make a job title, that does not mean they own anything, the principal owner owns 100%, my dad........as long as the two parties in the contract agree.....it is legal...........

The phrase "the empire will be waiting for you" comes from the movie Batman Begins, where the character William Earle says it to a young Bruce Wayne. It's a line that suggests that the business empire Wayne Enterprises was founded on and that the world of corporate power would be his to inherit and control when he grew up.  

• Source: 

  The line is spoken by William Earle, the CEO of Wayne Enterprises, to a young Bruce Wayne in Batman Begins.
• Context: 

  Earle is telling Bruce that the company will be there for him when he is older.