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

At Restaurants, Calorie Counts Shape Most Customers' Orders

At Restaurants, Calorie Counts Shape Most Customers' Orders

Calorie counts do matter – 57 percent of customers use menus' nutritional information when deciding what to order, according to a new CDC survey.
How These Brothers Took Over a Taco Franchise

How These Brothers Took Over a Taco Franchise

When these four brothers took a liking to Chronic Tacos, they decided to go all in.
Franchise Players: A Temp Works Her Way to the Top

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.
Franchisees in Puerto Rico Claim McDonald's Broke FTC Rule

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.
Franchise Players: How I Bought an Embroidery Franchise at 21

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

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.
Franchise Players: My 5 Tips for Potential Franchisees

Franchise Players: My 5 Tips for Potential Franchisees

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

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.
Papa John's Founder on What Makes an Outstanding Franchisee

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

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

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.
How to Spot the Ideal Franchise Opportunity for You

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.
Why Early Adopters Will Win the Franchise Game

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: I Grew My Business Through Co-Branding

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

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.
Survey: McDonald's Has the Worst Burger in America

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.
Franchise Players: Why You Need to Find a Mentor

Franchise Players: Why You Need to Find a Mentor

Franchising provided Jasen Lawrence with mentors with direct experience and expertise in his business.
Winning is Simpler When You Don't Complicate Things

Winning is Simpler When You Don't Complicate Things

If you're not getting the results you want and feel like your business is in a slump, you've probably just gotten away from your fundamentals.
U.S.A.-Belgium World Cup Game Sparks a Waffle War

U.S.A.-Belgium World Cup Game Sparks a Waffle War

Restaurant chains Waffle House and Bojangles are encouraging U.S. fans to boycott Belgian waffles to support the USA World Cup team.
Franchise Players: Never Let a Customer Leave Unhappy

Franchise Players: Never Let a Customer Leave Unhappy

The key to this husband-wife duo's business? Realizing clients are the most important form of advertising.
Franchise Players: Creating Collaboration, Not Competition, Within a Franchise

Franchise Players: Creating Collaboration, Not Competition, Within a Franchise

Chad Piepenburg's job is more than running his own Smoothie Factory location. It's also working to help other franchisees succeed.
Cupcake Chain Crumbs Delisted From Nasdaq

Cupcake Chain Crumbs Delisted From Nasdaq

The largest cupcake chain in the U.S. is set to delist, after failing to meet stockholder equity requirement.
Franchise Players: 'Cupcake Wars' Champ Takes on Franchising

Franchise Players: 'Cupcake Wars' Champ Takes on Franchising

After helping Sweet Arleen's win its third challenge on the Food Network show 'Cupcake Wars,' the cupcake chain's front-of-house manager opened a franchise of his own.
Franchise Players: A Firefighting Salsa Dancer Finds Flexibility as a Franchisee

Franchise Players: A Firefighting Salsa Dancer Finds Flexibility as a Franchisee

Franchising gave Alex Lee the flexibility to keep working as a firefighter and competing as a salsa dancer.
Franchise Players: These Animal Lovers Founded a Luxury Hotel for Dogs

Franchise Players: These Animal Lovers Founded a Luxury Hotel for Dogs

The Parker brothers turned a life-long love of animals into a business, opening K-9 Resorts.
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Franchise Bible 7E
Franchise Bible 7E
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