Franchise

Franchise Players: A Veteran Couple Finds a New Team in Franchising
Franchise Players

Franchise Players: A Veteran Couple Finds a New Team in Franchising

Chuck and Denise Kerr learned the value of teamwork in the military. Now, their bringing it to their burger franchise.
Kate Taylor
Franchise Players: The Military Taught Me to Think On My Feet
Franchise Players

Franchise Players: The Military Taught Me to Think On My Feet

Jim Lager didn't have much business experience when he started in franchising. But his time in the military hard taught him one thing: how to think fast.
Kate Taylor
What the World's Most Expensive Doughnut Looks Like
Krispy Kreme

What the World's Most Expensive Doughnut Looks Like

Krispy Kreme recently revealed a doughnut covered with gold leaf and edible diamonds, served with 500-year-old Cognac and Don Perignon.
Kate Taylor
8 Little-Known Franchises That Make Millions
Franchise

8 Little-Known Franchises That Make Millions

These franchises have found their niche and are making a big impact.
Franchise Players: How This Veteran Is Helping Other Vets Find the Right Franchise
Franchise Players

Franchise Players: How This Veteran Is Helping Other Vets Find the Right Franchise

Gordon Dupries helps future veteran franchisees get started on the right foot with the Boot to Business program.
Kate Taylor
Franchise Players: I'm Both a Franchisee and Franchisor
Franchise Players

Franchise Players: I'm Both a Franchisee and Franchisor

A look at how Mike Lohman spearheaded an effort for Go Mini's dealers to purchase the company.
Kate Taylor
Longtime Owner Sells TGI Fridays for $800 Million

Longtime Owner Sells TGI Fridays for $800 Million

After nearly four decades of ownership, Carlson sold the restaurant chain to two private-equity firms.
Kate Taylor
Franchise Player: From Cyclist to House-Flipper to Franchisee
Franchise Players

Franchise Player: From Cyclist to House-Flipper to Franchisee

This franchisee worked as a professional cyclist, a cooking show host, a house-flipper and more before finding franchising.
Kate Taylor
Franchise Players: Working as a Franchisee That's Anything But Local
Franchise Players

Franchise Players: Working as a Franchisee That's Anything But Local

When Unishippers debuted a new national model, Brian Lendin was eager to be one of the company's guinea pigs.
Kate Taylor
Beware of These 10 Franchise Ownership Myths
Franchise Buying Guide

Beware of These 10 Franchise Ownership Myths

What to consider when weighing a decision to become a franchisee.
Joel Libava
The Top Franchise in Every Industry
Franchise 500

The Top Franchise in Every Industry

We bring you the 97 franchises that ranked at the top of their sector in Entrepreneur's 2014 Franchise 500.
Tracy Stapp Herold
Franchise Players: Balancing Lives as a National Guard Pilot and a Pet Store Franchisee
Franchise Players

Franchise Players: Balancing Lives as a National Guard Pilot and a Pet Store Franchisee

Dave O'Brien is a busy man, serving in the military while running three Pet Supplies Plus locations.
Kate Taylor
Franchise Players: A Father-Son Duo on Speeding Up Growth Through Franchising
Franchise Players

Franchise Players: A Father-Son Duo on Speeding Up Growth Through Franchising

William and Bart Caldwell were able to grow their business fast, thanks to the backing of the right franchisor.
Kate Taylor
Pizza Hut's Biggest Franchisee Says Company Needs to Up Its Digital Game
Pizza Hut

Pizza Hut's Biggest Franchisee Says Company Needs to Up Its Digital Game

NPC International's net income dropped 77 percent in the first quarter. And it blames Pizza Hut's lack of digital innovation.
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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