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

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.
Franchise Jobs Power 20 Percent of Total Private-Sector Growth in October (Infographic)

Franchise Jobs Power 20 Percent of Total Private-Sector Growth in October (Infographic)

The franchise industry created 25,060 jobs in October, far exceeding the previous month's growth.
What I Learned From the Military: Business Lessons From 8 Veterans in Franchising

What I Learned From the Military: Business Lessons From 8 Veterans in Franchising

This Veterans Day, veterans in franchising look back on what the military taught them about entrepreneurship.
Intel Engineer Shares Her Passion With the Next Generation

Intel Engineer Shares Her Passion With the Next Generation

Shu-ling Garver started Engineering for Kids, a program that teaches the basics of engineering and design to kids.
5 Stores That Have Already Started the Holiday Season

5 Stores That Have Already Started the Holiday Season

Wal-Mart, Starbucks and more are getting a head start on the holiday season, with deals and promotions starting in early November.
Return of the Deal: Restaurants See More Discount-Driven Traffic

Return of the Deal: Restaurants See More Discount-Driven Traffic

After declining in 2012, the number of restaurant visits prompted by a deal or discount increased in 2013, reports The NPD Group.
7 Tips for Women Who Want to Own a Franchise

7 Tips for Women Who Want to Own a Franchise

In celebration of Women in Small Business Month, female franchise founders and CEOs share top advice and tips for women entering the franchise industry.
Women in Franchising: An Enthusiastic Minority

Women in Franchising: An Enthusiastic Minority

Women in the franchising world are finding community and control in an industry where they remain a minority.
How a Franchise Owner Made Fast Food Local

How a Franchise Owner Made Fast Food Local

Anthony Ackil, co-founder of the farm-to-table fast food company, tells us why local fast food needn't be an oxymoron.
10 Chains Scaring Up Business With Free Food & Other Halloween Deals

10 Chains Scaring Up Business With Free Food & Other Halloween Deals

For these businesses, Halloween is about more than trick or treating, with deals designed to pull costumed customers into restaurants.
3 Types of Franchises That Make Great Family Businesses

3 Types of Franchises That Make Great Family Businesses

If you're thinking of buying a franchise and want your family to be involved in running it, consider these options.
Burger King's Franchising Efforts Pay Off Big in 3Q

Burger King's Franchising Efforts Pay Off Big in 3Q

Burger King's net income surged in the third quarter due to its franchising strategy and heavily-hyped products.
How Housing Franchises Got Back on Their Feet

How Housing Franchises Got Back on Their Feet

The subprime mortgage crisis wreaked havoc on the U.S. housing market, but several franchises that operate in the sector managed to weather the storm.
What Does the Demise of the Dollar Menu Mean for Franchisees?

What Does the Demise of the Dollar Menu Mean for Franchisees?

McDonaldÂ’s franchisees have long protested the burger chain's pricing moves. Will the new 'Dollar Menu & More' provide a solution?
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