Franchise

News and Articles About Franchise

Franchise Players: A Temp Works Her Way to the Top
Franchise Players

Franchise Players: A Temp Works Her Way to the Top

When Renee Rodriquez started as a temp at Express Employment Professionals, she never expected she'd someday become a franchisee herself.
Kate Taylor
Franchisees in Puerto Rico Claim McDonald's Broke FTC Rule
McDonalds

Franchisees in Puerto Rico Claim McDonald's Broke FTC Rule

In letting McDonald's biggest franchisee open up shops in Puerto Rico, local franchisees say the fast-food giant violated FTC rules.
Kate Taylor
Franchise Players: How I Bought an Embroidery Franchise at 21
Franchise Players

Franchise Players: How I Bought an Embroidery Franchise at 21

Maria Emma's key to running a successful business at age 21: having the support of a franchise team.
Kate Taylor
Franchisee Pays Employees $144K Out of Pocket After Fire Destroys Restaurant
Franchise

Franchisee Pays Employees $144K Out of Pocket After Fire Destroys Restaurant

This Culver's franchisee says that continuing to pay employees as his restaurant was being rebuilt was not only the right thing to do, but a smart business move.
Kate Taylor
Franchise Players: My 5 Tips for Potential Franchisees
Franchise Players

Franchise Players: My 5 Tips for Potential Franchisees

From travel agent to CruiseOne franchisee, Michael Ramdial is dedicated to making vacation dreams a reality.
Kate Taylor
Franchise Players: A Former Banker Escapes Monotony Through Franchising
Franchise Players

Franchise Players: A Former Banker Escapes Monotony Through Franchising

While Steve Betts felt trapped working at a bank, franchising allowed him to find freedom in entrepreneurship.
Kate Taylor
Papa John's Founder on What Makes an Outstanding Franchisee
National Small Business Week

Papa John's Founder on What Makes an Outstanding Franchisee

John Schnatter started what is now a billion-dollar pizza franchise in a broom closet. Now, there are 4,500 Papa John's restaurants located across the globe.
Catherine Clifford
Franchise Players: From Selling Clothes Out of a Basement to Opening a Brick-and-Mortar Store
Franchise Players

Franchise Players: From Selling Clothes Out of a Basement to Opening a Brick-and-Mortar Store

In just a few months, these boutique franchisees' business was far too big for a basement.
Kate Taylor
Franchise Players: Don't Rush to Find the Right Franchise
Franchise Players

Franchise Players: Don't Rush to Find the Right Franchise

With the help of an entrepreneurial coach, this Maui Wowi franchisee learned that finding the right franchise was all about passion.
Kate Taylor
How to Spot the Ideal Franchise Opportunity for You
Franchise

How to Spot the Ideal Franchise Opportunity for You

No franchise is perfect, but some can come pretty close -- you just have to go in with your eyes open.
Joel Libava
Why Early Adopters Will Win the Franchise Game
New technology

Why Early Adopters Will Win the Franchise Game

A 'don't-rock-the-boat' strategy is no longer an acceptable option.
Franchise Players: I Grew My Business Through Co-Branding
Franchise Players

Franchise Players: I Grew My Business Through Co-Branding

Richard Helmey was grew his printing business by co-branding with FASTSIGNS. Here's how.
Kate Taylor
The Weirdest Fast-Food Mashups in America
Fast Food

The Weirdest Fast-Food Mashups in America

X plus Y equals fast-food mega sales? From Doritos Locos Tacos to the Pizza Cake, bizarre food concoctions are appearing on menus across the nation.
Kate Taylor
Survey: McDonald's Has the Worst Burger in America
Fast Food

Survey: McDonald's Has the Worst Burger in America

In the battle of the chain restaurants, Consumer Reports found that customers were sick of many of fast food mega-chains' specialties.
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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