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

In $11 Billion Deal, Burger King Scoops Up Tim Hortons and Heads to Canada

In $11 Billion Deal, Burger King Scoops Up Tim Hortons and Heads to Canada

It's official: Burger King is buying coffee and doughnuts chain Tim Hortons for approximately $11 billion, with financing help from Warren Buffet.
Franchise Players: Former NFL Wide Receiver Buys a Sandwich Franchise

Franchise Players: Former NFL Wide Receiver Buys a Sandwich Franchise

After retiring from the NFL, Troy Williamson decided to open a Which Wich restaurant in Aiken, S.C., where he grew up.
Burger King in Talks to Buy Tim Hortons, Move to Canada

Burger King in Talks to Buy Tim Hortons, Move to Canada

Burger King and Tim Hortons announced on Monday that they are discussion a merger, with Burger King corporate potentially moving to Canada.
Buying a Franchise? When You Need to Worry About Location.

Buying a Franchise? When You Need to Worry About Location.

A look at the common fears of aspiring franchisees when it comes to choosing their franchise location.
11 Ways To Use LinkedIn To Boost Franchise Development

11 Ways To Use LinkedIn To Boost Franchise Development

LinkedIn, where employers and job seekers find each other, is just as good for people seeking entrepreneurial opportunity.
Are Minimum-Wage Activists Trying to Kill the Franchise Model in Seattle?

Are Minimum-Wage Activists Trying to Kill the Franchise Model in Seattle?

The International Franchise Association claims Seattle's new minimum wage law discriminates against franchisees, and says it's all one labor union's fault.
When Eating Out, Your Diet Goes Out the Window

When Eating Out, Your Diet Goes Out the Window

While the majority of people are watching their weight, a surprising number say they stop counting calories when dining out, a new study says.
Franchise Players: Exploring Unique Markets as a Multi-Unit Franchisee

Franchise Players: Exploring Unique Markets as a Multi-Unit Franchisee

With 21 franchise locations in seven states, John Russell understands that just because different locations are under the same brand doesn't mean they are identical.
How Planet Fitness Aims to Become the McDonald's of Gym Franchises

How Planet Fitness Aims to Become the McDonald's of Gym Franchises

Affordable, streamlined and closing in on 1,000 locations – can Chris Rondeau turn Planet Fitness into a mega-chain of McGyms?
5 Life Lessons That Made Me a Better Entrepreneur

5 Life Lessons That Made Me a Better Entrepreneur

Some of the words of wisdom that guide my personal life have proved to be just as useful in the office.
Franchise Players: How This Professor Became a Tutoring Franchisee

Franchise Players: How This Professor Became a Tutoring Franchisee

After 19 years as a professor at the University of Portland, Dr. Mind Hsu turned his hobby of tutoring into a second career.
Our Top Innovative Franchises

Our Top Innovative Franchises

Here are some companies finding new ways to do business.
Franchise Players: From Customer to Franchisee at an Automotive Franchise

Franchise Players: From Customer to Franchisee at an Automotive Franchise

After finding himself out of a job, Eddie Warren turned his automotive skills and love for cars into a career.
Franchise Players: Army Vet Finds a New Team as a Marco's Pizza Multi-Unit Franchisee

Franchise Players: Army Vet Finds a New Team as a Marco's Pizza Multi-Unit Franchisee

Returning to civilian life, Joe Walker found both comradery and a commitment to integrity in franchising.
Chick-fil-A Finally Enters the Fast-Food Coffee Battle

Chick-fil-A Finally Enters the Fast-Food Coffee Battle

Watch out, Starbucks: Chick-fil-A is upping its breakfast game by putting a specialty-grade coffee on the menu.
Franchise Players: How This Couple Helped a New Orleans Franchise Expand in Arizona

Franchise Players: How This Couple Helped a New Orleans Franchise Expand in Arizona

After moving from Texas to Arizona, this young couple decided to open up the first Painting with a Twist franchise in the state.
Franchise Players: Go-Getter Franchisee on Opening a BYOB Painting and Wine Franchise

Franchise Players: Go-Getter Franchisee on Opening a BYOB Painting and Wine Franchise

This mother of twins wanted to open her own business, but nothing clicked until she discovered Bottle & Bottega.
Franchise Players: From International Entrepreneur to Fro-Yo Franchisee

Franchise Players: From International Entrepreneur to Fro-Yo Franchisee

Brian Trager had worked everywhere from Costa Rica to Vietnam before opening up several Menchie's Frozen Yogurt locations in upstate New York.
Ex-Subway Franchisee Concocts a Bizarre $35 Million Blackmail Plot

Ex-Subway Franchisee Concocts a Bizarre $35 Million Blackmail Plot

A leaked video, a disgruntled former franchisee and questions regarding Subway's healthiness set a strange blackmail scheme into motion.
Wendy's Wants to Go Big in Canada

Wendy's Wants to Go Big in Canada

After a decade of stagnation, Wendy's is planning to add over 100 new restaurants in Canada and sell nearly all of its company-owned Canadian restaurants to franchisees.
Franchise Players: Why I Chose a Franchise Instead of a 'Mom and Pop' Shop

Franchise Players: Why I Chose a Franchise Instead of a 'Mom and Pop' Shop

Want to make it big? Look into owning a franchise instead of opening up your own business, says this property management franchisee.
Franchisees Seek Injunction to Halt Minimum-Wage Hike in Seattle

Franchisees Seek Injunction to Halt Minimum-Wage Hike in Seattle

The International Franchise Association filed for an injunction preventing Seattle from enacting the new minimum wage law in its present state.
Fatburger Debuts Its Version of the Double Down

Fatburger Debuts Its Version of the Double Down

Taking a page from KFC, Fatburger doubles the meat, holds the buns with this new, high-protein offering.
Why These 3 Once Thriving Franchises Have Fallen on Hard Times

Why These 3 Once Thriving Franchises Have Fallen on Hard Times

What went wrong, and can they survive?
McDonald's Tests a 60-Second Drive-Thru Guarantee

McDonald's Tests a 60-Second Drive-Thru Guarantee

In a bid to speed up service, McDonald's is promising customers in South Florida free food if they don't get their meals served up in under a minute.
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