Meaning of the word family-run in English

What does family-run mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

family-run

US /ˈfæm.ə.li rʌn/
UK /ˈfæm.ə.li rʌn/
"family-run" picture

Adjective

owned and managed by members of the same family

Example:
They operate a small family-run restaurant.
The hotel has been a family-run business for three generations.