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

Franchise Industry Finishes Strong in 2013 (Infographic)

Franchise Industry Finishes Strong in 2013 (Infographic)

The U.S. added 30,250 franchise jobs in December, bringing the 2013 total to a whopping 229,000.
Don't Panic: There Will Definitely Be Enough Chicken Wings for the Super Bowl

Don't Panic: There Will Definitely Be Enough Chicken Wings for the Super Bowl

With the biggest weekend for wings consumption looming, the chicken industry and restaurants are ready.
This Major Franchise Just Announced a 3-Year Project With the White House

This Major Franchise Just Announced a 3-Year Project With the White House

As part of her 'Let's Move' initiative, Michelle Obama gets Subway to encourage children to eat more fruits and vegetables.
How Denny's Weirdness Wins the Social Media Game

How Denny's Weirdness Wins the Social Media Game

Denny's stands out in social media by breaking the rules-- and posting photos of pugs in seas of ranch dressing.
Is This the Year Fast-Food Pizza Disappears?

Is This the Year Fast-Food Pizza Disappears?

Domino's and Pizza Hut are attempting to compete with fast-casual rookies by upping quality and revamping design.
Franchising for Entrepreneurs: An Entrepreneur Growth Conference Panel Preview

Franchising for Entrepreneurs: An Entrepreneur Growth Conference Panel Preview

From answering "why franchising?" to facing the future of the industry, here's what to expect at Entrepreneur's Growth Conference's franchising panel.
Pizza Hut Wants a Bite of the By-the-Slice Business

Pizza Hut Wants a Bite of the By-the-Slice Business

For the first time ever, Pizza Hut is selling pizza by the slice in new stores, as well as rolling out digital menu boards and deck ovens.
Report: Franchise Establishments to Post Biggest Growth Since the Recession

Report: Franchise Establishments to Post Biggest Growth Since the Recession

The International Franchising Association predicts that franchise growth and job creation will outpace the wider economy in 2014.
How Local Franchises Are Becoming International Brands

How Local Franchises Are Becoming International Brands

With the support of the Commerce Department, company executives can travel to regions of interest and meet with potential investors, which may be the boost some franchises need to expand their concepts into international brands.
Why Picking a Franchise Is Like Picking a Pair of Shoes

Why Picking a Franchise Is Like Picking a Pair of Shoes

Whether you are picking a franchise or shopping for shoes, one thing is the most important: a good fit.
Goodbye, Ruby Tuesday? Struggling Chain to Close 30 Restaurants

Goodbye, Ruby Tuesday? Struggling Chain to Close 30 Restaurants

Following a quarter of weak sales, Ruby Tuesday announced plans to close 30 restaurants.
Report: Chuck E. Cheese's Is on the Block

Report: Chuck E. Cheese's Is on the Block

After disappointing sales, Chuck E. Cheese's parent company is reportedly exploring a potential sale.
Meet the Franchise Serving Dinner in the Sky

Meet the Franchise Serving Dinner in the Sky

It's the gourmet meal of a lifetime. Just don't look down.
How McDonald's Defines 'Sustainable' Beef Will Impact the Entire Industry

How McDonald's Defines 'Sustainable' Beef Will Impact the Entire Industry

As McDonald's promises to buy 'verified sustainable' beef by 2016, the question remains -- what exactly is sustainable beef?
Sonic Looks to Conquer Tougher Markets on Encouraging Q1 Results

Sonic Looks to Conquer Tougher Markets on Encouraging Q1 Results

The drive-in chain is continuing its expansion with franchised restaurants in California and New York.
The Top 10 Franchises of 2014

The Top 10 Franchises of 2014

These 10 franchises are leading the way into the New Year.
Pizza Hut Offers Big Discount to Celebrate 20th Anniversary of the World's First Online Purchase

Pizza Hut Offers Big Discount to Celebrate 20th Anniversary of the World's First Online Purchase

The pizza chain says the first purchase made online was one of its large pies. To mark the anniversary, it's offering customers an appetizing discount.
This Tiny Change Under Obamacare Could Cost One Industry Millions of Dollars

This Tiny Change Under Obamacare Could Cost One Industry Millions of Dollars

While you watch your calories this New Year, vending businesses could have their profits eaten into.
Entrepreneur's Top 10 Franchising Articles in 2013

Entrepreneur's Top 10 Franchising Articles in 2013

From advice on how to name your franchise to the brilliance of KFC's 'Go Cup', a look at the most-read franchise stories of the year.
Celebrate New Year's Eve With a $375 Dinner -- at Applebee's?

Celebrate New Year's Eve With a $375 Dinner -- at Applebee's?

Applebee's customers are usually seeking deals for dinner. This New Year's, however, one franchisee is charging big bucks for an open bar and buffet.
Struggling Red Lobster to Split From Parent Company

Struggling Red Lobster to Split From Parent Company

As Red Lobster struggles, Darden is looking to sell or spin off the seafood restaurant to focus on more profitable up-and-coming chains.
From Intern to Franchisee

From Intern to Franchisee

A sweet internship with Kona Ice helped Derek Taylor open his very own franchise.

Despite Challenges, Franchising Continues to Rebound in 2014

The sector created an estimated 11,000 new establishments and 150,000-plus jobs in 2013, outpacing the overall U.S. economy in business formation and job growth.
99 Percent of November's Franchise Growth Was in the Restaurant Industry (Infographic)

99 Percent of November's Franchise Growth Was in the Restaurant Industry (Infographic)

According to the ADP National Franchise Report, the U.S. added 13,070 new franchise jobs in the last month, with 12,970 of them in the restaurant sector.
Chili's Is Getting Into the Delivery Business -- For Orders $125 and Up

Chili's Is Getting Into the Delivery Business -- For Orders $125 and Up

The casual dining chain has taken the rare step of rolling out delivery services, mirroring sister-company Magianno's focus on large parties.
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