Franchise

News and Articles About Franchise

Why Multi-Unit Franchise Ownership Is Now the Norm
Franchises

Why Multi-Unit Franchise Ownership Is Now the Norm

Once in the minority, multi-unit franchisees control more than 75 percent of franchised restaurants.
Meet the Man Who Started the First-Ever Property Management Franchise
Franchises

Meet the Man Who Started the First-Ever Property Management Franchise

Kirk McGary decided to leap into uncharted waters and franchise his company in 2005.
Tracy Stapp Herold
The Hottest Franchise Categories of the Year
Franchises

The Hottest Franchise Categories of the Year

From child care to spa services, a look at the opportunities in the franchising world.
Tracy Stapp Herold
An Artful Expansion: How Lisa Riley Found Success as a Pinot's PaletteFranchisee
Franchise Success Stories

An Artful Expansion: How Lisa Riley Found Success as a Pinot's PaletteFranchisee

With three studios open and thriving, this paint-and-sip franchise's future looks picture perfect.
Tracy Stapp Herold
How a Franchisee Super-Group Is Changing the Franchising Landscape
Franchisees

How a Franchisee Super-Group Is Changing the Franchising Landscape

The multi-unit owners started an investment fund to help emerging brands, and the industry is excited by the idea.
Why This Hotel Chain Is No. 1 on Entrepreneur's Franchise 500 List
Franchise 500

Why This Hotel Chain Is No. 1 on Entrepreneur's Franchise 500 List

This international hotel franchise is on a tear.
3 Women to Watch in the Franchising Sector
Franchisors

3 Women to Watch in the Franchising Sector

These executives have what it takes to run a run a network of businesses. If you don't know about them, you will.
Gwen Moran
Entrepreneur's Top 10 Franchising Articles of 2014
Franchise

Entrepreneur's Top 10 Franchising Articles of 2014

From weird mashups to the pros and cons of franchising, check out the most-read franchise stories of the year.
Kate Taylor
'Nightmare Before Christmas': Labor Board Doubles Down on McDonald's Role in Labor Violations
McDonalds

'Nightmare Before Christmas': Labor Board Doubles Down on McDonald's Role in Labor Violations

The National Labor Relations Board is treating McDonald's as a joint employer in more alleged labor violations, to the horror of the franchise industry.
Kate Taylor
How Busted Phones Created a Booming Business
Franchisors

How Busted Phones Created a Booming Business

Charles Hibble's iPhone repair business expanded to five locations in two years, and it's not done growing. Find out what went right.
How This Ex-Subway Conductor Became an Expert in Franchising
Franchise Players

How This Ex-Subway Conductor Became an Expert in Franchising

After ending his career in the New York City subway system, Tom Scarda became a Maui Wowi franchisee. Now, he helps others find the right franchise for them.
Kate Taylor
What to Expect as a Pizza Chain's First Franchisee in a New State
Franchise Players

What to Expect as a Pizza Chain's First Franchisee in a New State

When Slava Kopilevich had the chance to bring the Sarpino's Pizzeria brand to Florida, he decided to relocate to become the first franchisee in the state.
Kate Taylor
Franchise

A franchise is way for companies to expand its business by licensing the rights to third-party retailers or individuals -- or franchisees -- who then can use the franchise’s logo, name and business model.  

Three different kinds of franchises: They include:

  • Distributorships -- such as with Toyota -- which licenses the right for a third party to sell the parent company product.

  • Trademark licensing, which allows companies to buy the right to use the parent company’s trademark along with their own brand, such as what Coca-Cola licenses to other companies.

  • Business format franchises, such as Subway, which offer its franchisees the right to sell its goods and/or services using its business model.

Popular franchises: Some examples of popular and well-known franchise models are in the food industry -- many which have gone international -- such as McDonald’s, Subway and Dominos. Starbucks, which is commonly thought to be a franchise, is not.

For more information about top franchises, check out Entrepreneur's "2015 Franchise 500 Rankings," or get the Entrepreneur Franchise 500.  

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