Franchise

Franchise Players: A Layoff Leads to a New Job as Franchisee
Franchise Players

Franchise Players: A Layoff Leads to a New Job as Franchisee

Kevin Ortner became Renters Warehouse first franchisee because he believed the young company could bring something fresh to the industry.
Kate Taylor
Franchise Players: A Junk Franchise That Only Sells to Veteran Franchisees
Franchise Players

Franchise Players: A Junk Franchise That Only Sells to Veteran Franchisees

JDog Junk Removal has one big prerequisite for every potential franchisee: they must be a military veteran.
Kate Taylor
Before You Jump Into the World of Franchises, Ask Yourself These 5 Questions
Franchise

Before You Jump Into the World of Franchises, Ask Yourself These 5 Questions

Think proven concept, not big brand, when buying a franchise.
Rick Bisio
Franchise Players: Finding a Franchise With a 'Family' Feel
Franchise Players

Franchise Players: Finding a Franchise With a 'Family' Feel

When Nathan Coombs retired from the military, DreamMaker Bath and Kitchen's company culture convinced him that the franchise was the right fit.
Kate Taylor
Franchise Players: Franchising Instead of 'Reinventing the Wheel'
Franchise Players

Franchise Players: Franchising Instead of 'Reinventing the Wheel'

Even though Steve Ferguson works with an established concept as a U.S. Lawns franchisee, his relationship building skills have helped him land $1 million in annual billings.
Kate Taylor
5 of the Wackiest Fast-Food Lawsuits Ever
Franchises

5 of the Wackiest Fast-Food Lawsuits Ever

Some of these lawsuits are hard to swallow, but justice can be sweet.
Carly Okyle
Activist Investor Tells Olive Garden to Google 'How to Cook Pasta'
Olive Garden

Activist Investor Tells Olive Garden to Google 'How to Cook Pasta'

Starboard Value published a snarky, almost 300-page presentation telling Darden Restaurants how to mend the struggling Olive Garden brand.
Kate Taylor
Franchise Players: Why Franchisees Have to Be Owners, Accountants, Janitors and Everything in Between
Franchise Players

Franchise Players: Why Franchisees Have to Be Owners, Accountants, Janitors and Everything in Between

Opening a franchise is very different than working in corporate America – and that's a good thing, according to this franchisee.
Kate Taylor
Report: 10 Brands Most Likely to Have Franchisees Default on Their Loans
Franchise

Report: 10 Brands Most Likely to Have Franchisees Default on Their Loans

Looking into buying a franchise? If you're taking out loans, avoid these big-name franchises.
Kate Taylor
Would You Eat Burger King's Black Cheeseburger?
Burger King

Would You Eat Burger King's Black Cheeseburger?

Burger King Japan is rolling out a burger that's treated with bamboo charcoal to give its cheese and buns and unnaturally dark shade.
Kate Taylor
Why Chipotle Won't Franchise
Franchise

Why Chipotle Won't Franchise

The mega-successful burrito chain says it probably won't go the franchising route. Here's why that's a smart move.
Kate Taylor
Franchise Players: I Used All My Money to Buy a Franchise
Franchise Players

Franchise Players: I Used All My Money to Buy a Franchise

Alison Paton invested her life savings to become a Papa John's franchisee 23 years ago.
Kate Taylor
Denny's Just Capitalized on Apple's Tech Glitch in a Genius Marketing Move
Social Media

Denny's Just Capitalized on Apple's Tech Glitch in a Genius Marketing Move

The restaurant chain was quick to latch onto Apple's tech glitch, creating a clever Twitter post that went viral in minutes.
Kate Taylor
Why August Was a Terrible Month for McDonald's
McDonalds

Why August Was a Terrible Month for McDonald's

McDonald's reported a 3.7 percent drop in global sales in August on Tuesday.
Kate Taylor
Franchise

A franchise is way for companies to expand their 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.  

There are 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’sSubway and DominosStarbucks, which is commonly thought to be a franchise, is not. 

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

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