Franchise

Thinking About Becoming a Franchisee? Your Burning Questions Answered
Franchise

Thinking About Becoming a Franchisee? Your Burning Questions Answered

In this Google Hangout, Joe Prusha, an Erbert & Gerbert's franchisee, reveals his franchising secrets.
Kate Taylor
Franchise Players: After the Military, a Couple Finds a Career in Franchising
Franchise Players

Franchise Players: After the Military, a Couple Finds a Career in Franchising

Charles Fisher discovered Massage Envy Spa while heading home from serving in Iraq. The rest is franchising history.
Kate Taylor
Franchise Players: Helping Her Son Brought This Mother to Franchising
Franchise Players

Franchise Players: Helping Her Son Brought This Mother to Franchising

Kristel Thomas was willing to do whatever it took to help her son and other kids overcome their neurological challenges. It led to her becoming a franchisee.
Kate Taylor
Franchise Players

Franchise Players: A Dad Finds Flexibility in Franchising

As his children's primary caregiver, franchising gives Rick Werner the flexibility he needs to be a present father.
Kate Taylor
Domino's Introduces 'Dom,' a Siri-Like Voice Assistant to Process Pizza Orders
Robots

Domino's Introduces 'Dom,' a Siri-Like Voice Assistant to Process Pizza Orders

A computer-generated voice tool named Dom will enable users to customize their pies and also browse local menus and coupon offers.
Geoff Weiss
Franchise Players: A 'Fatherpreneur' on Incorporating Family Into Your Business
Franchise Players

Franchise Players: A 'Fatherpreneur' on Incorporating Family Into Your Business

As a Tutor Doctor franchisee, Chris Lien's career priorities align with his family priorities.
Kate Taylor
Potential Franchisees: The Right Way to Ask 'How Much Money Can I Make?'
Franchise Opportunities

Potential Franchisees: The Right Way to Ask 'How Much Money Can I Make?'

There's a right and wrong way to ask how much money your potential franchise could earn when researching becoming a franchisee.
Joel Libava
Franchisees Take Action Against Seattle's Minimum Wage Law
Minimum Wage

Franchisees Take Action Against Seattle's Minimum Wage Law

Outraged that the new law holds them to stricter rules than small-business owners, franchise owners are fighting back with a lawsuit and full-page ad in the 'Seattle Times.'
Kate Taylor
Franchise Players: I Became a Multi-Unit Franchisee While Still in College
Franchise Players

Franchise Players: I Became a Multi-Unit Franchisee While Still in College

Aneesh Patel got an early start in the food industry, opening five restaurant franchises before he graduated from college.
Kate Taylor
Franchise Players: How This 'Computer Mom' Became Franchisee of the Year
Franchise Players

Franchise Players: How This 'Computer Mom' Became Franchisee of the Year

This 60-year-old mother, grandmother and franchisee has been defying stereotypes as a powerful woman in tech since 1999.
Kate Taylor
Questions to Ask Before Saying, 'Honey, I Think We're Ready to Franchise'
Franchise

Questions to Ask Before Saying, 'Honey, I Think We're Ready to Franchise'

Want to take it to the next level? This gut check will let you know if you should proceed, or continue working on your business.
Jeff Sinelli
For Some, Business Search Starts at Annual International Franchise Expo
Franchises

For Some, Business Search Starts at Annual International Franchise Expo

This annual trade show, to be held next week at New York City's Javits Center, aims to connect prospective entrepreneurs with leading franchise executives.
Geoff Weiss
Franchise Players: Wayback Burgers Franchisee on the Power of Customer Service
Franchise Players

Franchise Players: Wayback Burgers Franchisee on the Power of Customer Service

Howard Zeller lets history be his guide as a franchisee at this nostalgic burger joint.
Kate Taylor
Franchise Players: Jumping From a Food Franchise to a Spa Franchise
Franchise Players

Franchise Players: Jumping From a Food Franchise to a Spa Franchise

Scott Adams took on eco-friendly franchising as a Massage Green Spa franchisee. Here's what he has learned.
Kate Taylor
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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