Franchise

News and Articles About Franchise

Franchise Players: How a Travel-Loving Cosmetologist Became a Franchisee
Franchise Players

Franchise Players: How a Travel-Loving Cosmetologist Became a Franchisee

For Maria Tilton, a love for travel became a career when she invested in a Cruise Planners franchise.
Kate Taylor
P.F. Chang's Says Credit-Card Breach Affected 33 Restaurants
Security

P.F. Chang's Says Credit-Card Breach Affected 33 Restaurants

The Asian-themed restaurant chain revealed the breach affected 33 locations across 16 states.
Kate Taylor
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'
Franchise

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
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

A franchise is way for companies to expand its 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.  

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’s, Subway and Dominos. Starbucks, which is commonly thought to be a franchise, is not.

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

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