Franchise

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Franchise Players: This Corporate Employee Put Her Money Where Her Mouth Was and Bought a Franchise
Franchise Players

Franchise Players: This Corporate Employee Put Her Money Where Her Mouth Was and Bought a Franchise

This Shula Burger executive always wanted to own her own business. So, she opened her own Shula Burger franchise while still serving as director of marketing for the chain.
Kate Taylor
Franchise Players: Why We Chose a Childcare Franchise
Franchise Players

Franchise Players: Why We Chose a Childcare Franchise

Steve and Stefani Kulawik talk about the challenges and triumphs of opening a family business that reflects their values.
Kate Taylor
Franchise Players: Never Stop Marketing
Franchise Players

Franchise Players: Never Stop Marketing

This franchising couple see every moment as a chance to advertise their franchise.
Kate Taylor
The 9 Highest Calorie Meals from Your Favorite Chain Restaurants
Franchise

The 9 Highest Calorie Meals from Your Favorite Chain Restaurants

Can you guess which chain took the cake for the most calorie-rich food offering? Hint: It has a 2,780 calorie French toast dish.
Kate Taylor
Franchise Players: Why We Turned Our Independent Business Into a Franchised Location
Franchise Players

Franchise Players: Why We Turned Our Independent Business Into a Franchised Location

These College Hunks Hauling Junk franchisors tried to open up a pilot location for a new franchise concept, before converting the location into a Two Maids & A Mop franchised unit.
Kate Taylor
Mrs. Fields and TCBY Are Rising From the Ashes, Hand in Hand
Franchise

Mrs. Fields and TCBY Are Rising From the Ashes, Hand in Hand

Through dual branding and an in-store ecommerce business, the two sweet sister brands are hoping to cash in on a new type of franchise.
Kate Taylor
Regulator Names McDonald's a 'Joint Employer'
Legal Center

Regulator Names McDonald's a 'Joint Employer'

The National Labor Relations Board has deemed McDonald's a 'joint employer' – a decision that could redefine franchising as we know it.
Kate Taylor
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Would You Make a Good Franchisee?
Franchise

Would You Make a Good Franchisee?

Experts discuss the key traits of successful franchisees and how to find the business model that's right for you.
Geoff Weiss
Jamba Juice Is Going On a Serious Franchisee Recruitment Spree
Franchise

Jamba Juice Is Going On a Serious Franchisee Recruitment Spree

With new franchise initiatives, the smoothie chain wants to almost double its number of franchised locations in the next five years.
Kate Taylor
Franchise Players: After Tragedy, a Son Takes Over as Franchisee
Franchise Players

Franchise Players: After Tragedy, a Son Takes Over as Franchisee

When his father died, it was Mark Calis's turn to step up as co-owner of a Minuteman Press with his mother.
Kate Taylor
10 Habits of Highly Successful Future Franchisees
Success Strategies

10 Habits of Highly Successful Future Franchisees

Just because you own a franchise, a business with proven systems and tested procedures, doesn't mean you can kick back and chillax.
Joel Libava
With Investors Hungry for Fast-Casual Chicken, El Pollo Loco Makes Strong Public Debut
IPO

With Investors Hungry for Fast-Casual Chicken, El Pollo Loco Makes Strong Public Debut

Shares of the Mexican-style chicken franchise were off to a strong start on their first day of trading.
Kate Taylor
Franchise Players: We Were Planet Fitness's First Franchisees. Now, We Own 22 Locations.
Franchise Players

Franchise Players: We Were Planet Fitness's First Franchisees. Now, We Own 22 Locations.

Over the last decade, Eric Dore and Shane McGuiness have seen Planet fitness grow from a regional fitness chain to an 800-plus location franchise.
Kate Taylor
Dunkin' Sales Disappoint as Same-Store Sales Drag
Dunkin Donuts

Dunkin' Sales Disappoint as Same-Store Sales Drag

The company missed expectations due to weak sales at Dunkin' Donuts in the U.S. and Baskin-Robbins' struggles abroad.
Kate Taylor
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.

There is, in theory, less risk to buying a franchise business than starting a business from scratch because the business model has been tested. Also, as a franchise unit owner, you have a built-in advisory board in the management staff of the umbrella franchise organization. On the downside, you have less creative control over your business as a franchisee than as an independent business owner.

For more information about the top franchises, check out Entrepreneur's Annual Franchise 500 ranking.
 

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