Is there a way to create a master word document that can be used for multiple businesses?

We have a few locations of a certain business. We have a Policy and Procedures document for each location. This document is the same for each location except for the name and address for each. The name of the location shows up in multiple locations in the document.

I would like one document where you can go and enter the name of the business somewhere, one time, and the name will fill in through out the document.

Is this possible?

thanks,
Mark