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

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.
Coca-Cola Splits in Effort to Focus on Franchising

Coca-Cola Splits in Effort to Focus on Franchising

Coca-Cola Co. announced yesterday that it is splitting its operations to expedite refranchising of its bottling system.
Arby's Expensive Revamp: Two Logos in Two Years

Arby's Expensive Revamp: Two Logos in Two Years

Just a year after revamping its logo, Arby's has introduced a new logo that's closer to the original. But is it worth it?
Meet the Chefs Who Are Bringing Quality Food to the Masses

Meet the Chefs Who Are Bringing Quality Food to the Masses

A number of top culinary minds are aiming to expand their reach with franchised fast-casual restaurants that serve up high-quality, reasonably priced meals.
A Racist Sign at Sonic and 5 Other Franchise PR Disasters

A Racist Sign at Sonic and 5 Other Franchise PR Disasters

From YouTube gross-outs to hashtag horror stories, check out these six PR nightmares at U.S. franchises.
McDonald's U.S. November Sales Unexpectedly Fall

McDonald's U.S. November Sales Unexpectedly Fall

McDonald's same-store restaurant sales fell 0.8 percent in November, dragging worldwide sales short of monthly predictions.
Goodbye Bacon, Hello Health Food: 6 Restaurant Trends for 2014

Goodbye Bacon, Hello Health Food: 6 Restaurant Trends for 2014

The National Restaurant Association predicts the rise of nutrition, pickling and dessert mashups in 2014, as chefs deem bacon 'yesterday's news.'
A Startup Brings Circuit-Training to the Masses

A Startup Brings Circuit-Training to the Masses

9Round kicks up circuit fitness training with boxing and kickboxing inspired workouts.
Chick-fil-A Removes Corn Syrup From Products After Blogger Takedown

Chick-fil-A Removes Corn Syrup From Products After Blogger Takedown

Bowing to pressure from customers and one particularly determined food blogger, Chick-fil-A is removing artificial ingredients and high fructose corn syrup from products.
6 Ways Food Trucks Can Survive the Winter Freeze and Grow Their Business

6 Ways Food Trucks Can Survive the Winter Freeze and Grow Their Business

With food trucks generally losing 50 percent of their business in winter, here are six ways to make sure your food truck business stays hot when the weather gets chilly.
3 Steps for Finding Your Next Top Performer

3 Steps for Finding Your Next Top Performer

Are you settling for 'average' employees? They could be costing you more than you think.
What Franchisees Could Lose If the Minimum Wage Is Raised

What Franchisees Could Lose If the Minimum Wage Is Raised

As fast-food workers prepare to strike in 100 cities this Thursday, franchisees and business owners grapple with the minimum wage question.
Olive Garden Debuts First Ever Burger: The Italiano

Olive Garden Debuts First Ever Burger: The Italiano

Long known for its pasta and bread sticks, Olive Garden is serving up a new Italian twist on an American classic.
Potential Franchisees, Take Note: Taco Bell Hopes to Open 2,000 U.S. Restaurants by 2023

Potential Franchisees, Take Note: Taco Bell Hopes to Open 2,000 U.S. Restaurants by 2023

Looking to own a franchise? Taco Bell is engaging in its most aggressive franchisee recruitment push in 15 years.
Is the Year of the Bun Over? Wendy's Ends Pretzel Burger.

Is the Year of the Bun Over? Wendy's Ends Pretzel Burger.

Wendy's is ending the run of its wildly successful pretzel bun, bringing out a brioche burger to end a year full of innovative buns.
As Men in Kilts Franchise Grows, Women (In and Out of Kilts) Are Key

As Men in Kilts Franchise Grows, Women (In and Out of Kilts) Are Key

Men in Kilts, like many franchises, is dominated by men. However, two women have been important to the growth of the business.
Styrofoam Maker Offers to Cover NYC's Recycling Bill

Styrofoam Maker Offers to Cover NYC's Recycling Bill

As the New York City Council's decision on the Styrofoam ban nears, Dart Container has offered an alternate solution.
75 Franchises Helping Pay Back Veterans

75 Franchises Helping Pay Back Veterans

Around 64,000 veterans started careers in franchising in recent years. That's due in no small part to franchisors ramping up their efforts to recruit veterans, who many consider ideal franchisees thanks to their training and experience working within a disciplined system.
This Subway Franchise Owner Accepts Bitcoins

This Subway Franchise Owner Accepts Bitcoins

The owner of a Subway shop in Allentown, Pa., is now accepting the virtual currency as payment for sandwiches.
This Mega Deal Means Carl's Jr. and Hardee's Are Now in the Same Family as Arby's, Auntie Anne's and Cinnabon

This Mega Deal Means Carl's Jr. and Hardee's Are Now in the Same Family as Arby's, Auntie Anne's and Cinnabon

Roark Capital Group will acquire CKE Inc., the parent company of Carl's Jr. and Hardee's, adding to its extensive franchise brand portfolio, which includes Wingstop, Carvel Ice Cream and Arby's.
Did You Say 'Charbucks'? 7 Big Chains That Battled the Name Game

Did You Say 'Charbucks'? 7 Big Chains That Battled the Name Game

With Starbucks losing its fight against 'Charbucks' coffee, here's a look at seven more legal battles over copycat names.
Can McDonald's Speed Up Drive-Thru With Third Window?

Can McDonald's Speed Up Drive-Thru With Third Window?

McDonald's is reportedly trying out a new solution to their drive-thru problem. The catch: it probably won't speed up your wait.
The Fall of a Franchise: Blockbuster and 5 Other Chains That Went Bust

The Fall of a Franchise: Blockbuster and 5 Other Chains That Went Bust

What happens to franchisees when their franchisor goes belly up? Check out the rise and fall of these six formerly big U.S. chains.
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