Franchise

Franchise

Franchising is a business opportunity that's somewhere between buying an existing business and launching a startup in terms of creativity, independence and risk. A franchisee buys a license from a franchisor to be a dealer of that business model. The owner of the franchise sells a product or service through its franchisees.

In exchange for an initial set-up fee and a monthly payment, the franchisor provides the franchisee a business model, marketing supplies, staff-training assistance, managerial consulting and a pre-existing supply chain. Also, the franchisee benefits from the franchisor's economies of scale, receiving access to prices that a business owner may not otherwise get running a single shop.

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News and Articles About Franchise

With Investors Hungry for Fast-Casual Chicken, El Pollo Loco Makes Strong Public Debut

With Investors Hungry for Fast-Casual Chicken, El Pollo Loco Makes Strong Public Debut

Shares of the Mexican-style chicken franchise were off to a strong start on their first day of trading.
Franchise Players: We Were Planet Fitness's First Franchisees. Now, We Own 22 Locations.

Franchise Players: We Were Planet Fitness's First Franchisees. Now, We Own 22 Locations.

Over the last decade, Eric Dore and Shane McGuiness have seen Planet fitness grow from a regional fitness chain to an 800-plus location franchise.
Dunkin' Sales Disappoint as Same-Store Sales Drag

Dunkin' Sales Disappoint as Same-Store Sales Drag

The company missed expectations due to weak sales at Dunkin' Donuts in the U.S. and Baskin-Robbins' struggles abroad.
Franchisees Take 7-Eleven to Court for Alleged Racial Discrimination

Franchisees Take 7-Eleven to Court for Alleged Racial Discrimination

A group of franchisees are accusing the convenience chain of trying to make a profit by systematically forcing South Asian immigrant franchisees out.
Franchise Players: Hiring the Right People Is the Hardest Part

Franchise Players: Hiring the Right People Is the Hardest Part

After 30 years in the corporate world, Skip Wyatt decided it was time to create jobs instead of finding ways to eliminate them.
The Restaurants Business Travelers Love the Most (Infographic)

The Restaurants Business Travelers Love the Most (Infographic)

Chick-fil-A and Chipotle are two of the hottest brands in food right now. Here's how they're cashing in on travelers' tastes.
Chinese Police Detain Five in Expired Meat Investigation

Chinese Police Detain Five in Expired Meat Investigation

Officials believe the American-owned food supplier in China purposefully sold expired chicken to chains including McDonald's, KFC and Starbucks.
Franchise Players: A Military Veteran and Leukemia Survivor Embraces Life as a Franchisee

Franchise Players: A Military Veteran and Leukemia Survivor Embraces Life as a Franchisee

After 10 years in the Marines and a bout with leukemia, this franchisee decided she wanted to be an entrepreneur.
From Pizza in a Cone to Poutine: The Marketing Power of Far-Out Food Franchises

From Pizza in a Cone to Poutine: The Marketing Power of Far-Out Food Franchises

These franchise founders are turning oddball menu offerings into serious business.
Franchise Players: Learning to Manage Entry-Level Employees

Franchise Players: Learning to Manage Entry-Level Employees

Devang and Chaitali Kothari didn't realize that the biggest challenge in franchising would be learning to be good managers.
Franchise Players: What This Franchisee Power Couple Has Learned in Two Decades of Entrepreneurship

Franchise Players: What This Franchisee Power Couple Has Learned in Two Decades of Entrepreneurship

After taking a leap of faith 22 years ago, Susan and Dan Manwaring have opened 14 Batteries Plus Bulbs stores.
New McDonald's Lawsuit Could Redefine Franchising as We Know It

New McDonald's Lawsuit Could Redefine Franchising as We Know It

A worker group is filing charges against franchisees and McDonald's as a joint employer, setting a precedent that could have broad ripple effects.
Pizza Slips and Breakfast Soars in Yum Brand's Latest Earnings

Pizza Slips and Breakfast Soars in Yum Brand's Latest Earnings

Sales at KFC and Taco Bell boosted Yum Brands to a solid second quarter, while Pizza Hut struggled to keep up.
Franchise Players: An Advertising 'Mad Man' Takes On In-Home Care Franchising

Franchise Players: An Advertising 'Mad Man' Takes On In-Home Care Franchising

Ken Kuck explains how he and his wife became franchisees in the space.
Franchise Players: How Franchising Provided a Solution for This Minister and His Disabled Son

Franchise Players: How Franchising Provided a Solution for This Minister and His Disabled Son

The owner-investor franchise model was the perfect fit for this family preparing for an uncertain future.
Franchise Players: Why One Franchise Wasn't Enough

Franchise Players: Why One Franchise Wasn't Enough

Passion for her product drove Sanden Andrews to open up four Smoothie King shops.
At Restaurants, Calorie Counts Shape Most Customers' Orders

At Restaurants, Calorie Counts Shape Most Customers' Orders

Calorie counts do matter – 57 percent of customers use menus' nutritional information when deciding what to order, according to a new CDC survey.
How These Brothers Took Over a Taco Franchise

How These Brothers Took Over a Taco Franchise

When these four brothers took a liking to Chronic Tacos, they decided to go all in.
Franchise Players: A Temp Works Her Way to the Top

Franchise Players: A Temp Works Her Way to the Top

When Renee Rodriquez started as a temp at Express Employment Professionals, she never expected she'd someday become a franchisee herself.
Franchisees in Puerto Rico Claim McDonald's Broke FTC Rule

Franchisees in Puerto Rico Claim McDonald's Broke FTC Rule

In letting McDonald's biggest franchisee open up shops in Puerto Rico, local franchisees say the fast-food giant violated FTC rules.
Franchise Players: How I Bought an Embroidery Franchise at 21

Franchise Players: How I Bought an Embroidery Franchise at 21

Maria Emma's key to running a successful business at age 21: having the support of a franchise team.
Franchisee Pays Employees $144K Out of Pocket After Fire Destroys Restaurant

Franchisee Pays Employees $144K Out of Pocket After Fire Destroys Restaurant

This Culver's franchisee says that continuing to pay employees as his restaurant was being rebuilt was not only the right thing to do, but a smart business move.
Franchise Players: My 5 Tips for Potential Franchisees

Franchise Players: My 5 Tips for Potential Franchisees

From travel agent to CruiseOne franchisee, Michael Ramdial is dedicated to making vacation dreams a reality.
Franchise Players: A Former Banker Escapes Monotony Through Franchising

Franchise Players: A Former Banker Escapes Monotony Through Franchising

While Steve Betts felt trapped working at a bank, franchising allowed him to find freedom in entrepreneurship.
Papa John's Founder on What Makes an Outstanding Franchisee

Papa John's Founder on What Makes an Outstanding Franchisee

John Schnatter started what is now a billion-dollar pizza franchise in a broom closet. Now, there are 4,500 Papa John’s restaurants located across the globe.
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