Franchise

Franchise Players: Why One Franchise Wasn't Enough
Franchise Players

Franchise Players: Why One Franchise Wasn't Enough

Passion for her product drove Sanden Andrews to open up four Smoothie King shops.
Kate Taylor
A Barbecue-Cleaning Franchise Gets Fired Up
Franchises

A Barbecue-Cleaning Franchise Gets Fired Up

Grill-cleaning can make for a grate opportunity for franchisees.
Franchise Players: A Pet Care Franchisee Changed Her Life at 21
Franchise Players

Franchise Players: A Pet Care Franchisee Changed Her Life at 21

As a 21-year-old business novice, Lauren Morenz found meaning in her job as a Fetch! Pet Care franchisee.
Kate Taylor
Franchise Players: How I Turned Military Lessons Into Business Success
Franchise Players

Franchise Players: How I Turned Military Lessons Into Business Success

Andrew Wilson hasn't let the fact that he's spent five of the last 10 years deployed slow him down as a franchisee.
Kate Taylor
Franchise Players: How I Found Love at a Carpet Cleaning Convention
Franchise Players

Franchise Players: How I Found Love at a Carpet Cleaning Convention

For this franchisee, franchising allowed her to serve others – and find the love of her life.
Kate Taylor
A Yoga Franchise for Kids Stretches Bodies and Minds
Franchises

A Yoga Franchise for Kids Stretches Bodies and Minds

Imagination Yoga uses storytelling to encourage kids to move through a series of yoga positions.
Tracy Stapp Herold
In Sexual Harassment Case, California Rules Domino's Isn't Responsible for Misconduct
Franchise

In Sexual Harassment Case, California Rules Domino's Isn't Responsible for Misconduct

The California Supreme Court ruled that Domino's could not be held liable as an employer in an employee's sexual harassment case.
Kate Taylor
Why the Court's Ruling on FedEx Drivers Could Jeopardize the Franchise Model
Franchise

Why the Court's Ruling on FedEx Drivers Could Jeopardize the Franchise Model

In the latest lawsuit that attempts to define the line between independent entrepreneur and employee, the court ruled that FedEx Ground drivers are employees, not independent contractors.
Kate Taylor
Franchise Players: These Panera Bread Franchisees Now Have 34 Locations
Franchise Players

Franchise Players: These Panera Bread Franchisees Now Have 34 Locations

Two franchisees spill on how they managed to make this fast-casual staple catch on in New England.
Kate Taylor
In $11 Billion Deal, Burger King Scoops Up Tim Hortons and Heads to Canada
Burger King

In $11 Billion Deal, Burger King Scoops Up Tim Hortons and Heads to Canada

It's official: Burger King is buying coffee and doughnuts chain Tim Hortons for approximately $11 billion, with financing help from Warren Buffet.
Kate Taylor
Franchise Players: Former NFL Wide Receiver Buys a Sandwich Franchise
Franchise Players

Franchise Players: Former NFL Wide Receiver Buys a Sandwich Franchise

After retiring from the NFL, Troy Williamson decided to open a Which Wich restaurant in Aiken, S.C., where he grew up.
Kate Taylor
Burger King in Talks to Buy Tim Hortons, Move to Canada
Burger King

Burger King in Talks to Buy Tim Hortons, Move to Canada

Burger King and Tim Hortons announced on Monday that they are discussion a merger, with Burger King corporate potentially moving to Canada.
Kate Taylor
Buying a Franchise? When You Need to Worry About Location.
Location

Buying a Franchise? When You Need to Worry About Location.

A look at the common fears of aspiring franchisees when it comes to choosing their franchise location.
Joel Libava
Franchise Opportunities

11 Ways To Use LinkedIn To Boost Franchise Development

LinkedIn, where employers and job seekers find each other, is just as good for people seeking entrepreneurial opportunity.
Matthew Job
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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