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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

Franchise Players: Don't Expect to Make Money Right Away

Franchise Players: Don't Expect to Make Money Right Away

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Franchising isn't for those trying to make a quick buck, says this sports league franchisee.
April 1, 2014 in Franchises
Why Athletes and Veterans Make Incredible Franchisees

Why Athletes and Veterans Make Incredible Franchisees

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Hardworking, creative and team-oriented, military personnel and athletes have entrepreneurial skills that are an asset to any franchise.
March 31, 2014 in Franchises
Looking to Steal Taco Bell's Thunder, McDonald's Offers Free Coffee

Looking to Steal Taco Bell's Thunder, McDonald's Offers Free Coffee

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The day after Taco Bell began its breakfast sales, McDonald's announced plans to offer free McCafe coffee for two weeks during breakfast hours.
March 28, 2014 in Franchises
Franchise Players: An Ex-Convict Starts Life Anew as a Franchisee

Franchise Players: An Ex-Convict Starts Life Anew as a Franchisee

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After serving six years for bank fraud, John Rusnak seems to have found redemption in franchising.
March 28, 2014 in Franchises
Franchise Players: A Fitness Franchisee Who Persevered Through Cancer

Franchise Players: A Fitness Franchisee Who Persevered Through Cancer

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Instead of giving up when he was diagnosed with cancer, Woody Bedell doubled down and opened his first Exercise Coach studio.
March 27, 2014 in Franchises
Panera Gets Serious About Tech, Says Its Future Depends On It

Panera Gets Serious About Tech, Says Its Future Depends On It

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The soup and sandwich chain is introducing tech upgrades that include mobile ordering and self-checkout kiosks.
March 26, 2014 in Franchises
Franchise Players: Before You Buy a Franchise, Talk to Former Employees

Franchise Players: Before You Buy a Franchise, Talk to Former Employees

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Bruno Lima didn't just talk to other Anago franchisees before franchising – he reached out to ex-employees.
March 26, 2014 in Franchises
Franchise Players: How This Franchisee Found Love at a Carpet Cleaning Convention

Franchise Players: How This Franchisee Found Love at a Carpet Cleaning Convention

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For this franchisee, franchising allowed her to serve others – and find the love of her life.
March 25, 2014 in Franchises
Kim Kardashian: Burger King's Newest Franchisee?

Kim Kardashian: Burger King's Newest Franchisee?

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What do you get for the girl who has everything? If you're Kanye West, you get her 10 international Burger King locations.
March 24, 2014 in Franchises
Franchise Players: A Former Drill Sergeant Who Hopes to Help Other Vets Through Franchising

Franchise Players: A Former Drill Sergeant Who Hopes to Help Other Vets Through Franchising

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After 24 years in the U.S. Army, Ron Adams put the skills he gained as a drill sergeant to use as a franchisee.
March 24, 2014 in Franchises
Why I Franchised: A Fitness Business That Looks Out for the Over-50 Crowd

Why I Franchised: A Fitness Business That Looks Out for the Over-50 Crowd

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These franchisors took it upon themselves to provide somewhere for older gym-goers to get fit, founding Welcyon, Fitness After 50.
March 21, 2014 in Franchises
Franchise Players: How Electronic Retail Became a Family Business for This Boomer

Franchise Players: How Electronic Retail Became a Family Business for This Boomer

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After working in electronics retail stores for years, Scott Meyers decided it was time to start his own family business.
March 21, 2014 in Franchises
Franchise Players: These Baby Boomers Got Into Franchising for Their Kids

Franchise Players: These Baby Boomers Got Into Franchising for Their Kids

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When Brian and Karen Bourlier bought a Buffalo Wings & Rings franchise, they did it for their sons – not for themselves.
March 20, 2014 in Franchises
Restaurant Job Growth Plunges in February (Infographic)

Restaurant Job Growth Plunges in February (Infographic)

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In February, franchised restaurants added only 1,390 new jobs, a sharp drop from recent months.
March 19, 2014 in Franchises
Cosi's Top Franchisee Is Now Its CEO

Cosi's Top Franchisee Is Now Its CEO

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The struggling sandwich chain named its largest franchisee its new CEO, marking its fourth leadership switch in three years.
March 19, 2014 in Franchises
Franchise Players: There's No One Path to Becoming a Franchisee

Franchise Players: There's No One Path to Becoming a Franchisee

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Prior to becoming an auto care franchisee, Nick Carpinello worked as a CPA, an equity investor and a controller of a software development company. Here's what he's learned.
March 19, 2014 in Franchises
McDonald's 'Sustainable Beef' Finally Has a Definition... Sort Of.

McDonald's 'Sustainable Beef' Finally Has a Definition... Sort Of.

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What does 'sustainable beef' actually mean? Here's what we know so far.
March 18, 2014 in Franchises
Burger King to Let You Pay for Your Whopper by Smartphone

Burger King to Let You Pay for Your Whopper by Smartphone

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Taking a page from Starbucks and Dunkin' Donuts, Burger King will reportedly introduce a mobile payment option in all U.S. locations.
March 18, 2014 in Franchises
Franchise Players: Don't Jump at the First Franchise You Like

Franchise Players: Don't Jump at the First Franchise You Like

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Daniel Schrodt worked as a consultant on forestry and gardening for 20 years before jumping into the world of franchising.
March 18, 2014 in Franchises
Franchise Players: Burger Franchisee on How Not to Get Fried

Franchise Players: Burger Franchisee on How Not to Get Fried

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A baby boomer with decades of experience in the franchise industry explains what franchisees should look for in a brand.
March 17, 2014 in Franchises
Take-and-Bake Pizza Chain Papa Murphy's Files for $70 Million IPO

Take-and-Bake Pizza Chain Papa Murphy's Files for $70 Million IPO

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Hungry for investors, the franchisee-friendly pizza chain is getting ready for its public debut.
March 13, 2014 in Franchises
How the New Obama Overtime Rules Will Squelch Opportunity

How the New Obama Overtime Rules Will Squelch Opportunity

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By making more workers eligible for overtime, the Obama Administration may be making the job market worse, not better.
March 13, 2014 in Grow Your Business
Franchise Players: This Franchisee Caught the Business Bug in High School

Franchise Players: This Franchisee Caught the Business Bug in High School

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Molly Martin has known since sophomore year of high school that she wanted to be an entrepreneur. Here's how made it happen as a Wireless Zone franchisee.
March 13, 2014 in Franchises
Why Health-Care Franchising Is Entering a Boom Time

Why Health-Care Franchising Is Entering a Boom Time

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Enterprising businesspeople are finding that the franchise model can dispense routine medical services as efficiently as it delivers fried chicken or oil changes.
March 12, 2014 in Franchises
A Former College Basketball Coach on Building a Winning Franchise Investment

A Former College Basketball Coach on Building a Winning Franchise Investment

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For this Sport Clips Haircuts franchisee, coaching a basketball team and running a franchise are more similar than you'd think.
March 12, 2014 in Franchises
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