Franchise

The First Taco Bell Is Road Tripping to Headquarter Mothership
Taco Bell

The First Taco Bell Is Road Tripping to Headquarter Mothership

Escaping demolition and saved by love, the first Taco Bell will be making its way through a series of southern California cities before arriving at its new home.
Carolyn Sun
Old Spices Find a New Audience Through This Franchisor
Franchisors

Old Spices Find a New Audience Through This Franchisor

A world traveler brings home flavors to savor.
20 Franchises You Can Launch for Less Than $50,000
Franchise 500

20 Franchises You Can Launch for Less Than $50,000

Think you can't afford to be your own boss? Think again.
Entrepreneur Staff
These Entrepreneurs Braved New Frontiers in Franchising and Found Success
Franchises

These Entrepreneurs Braved New Frontiers in Franchising and Found Success

Starting a concept from square one isn't easy. But being first to market can put you one step closer to becoming the next big thing.
How the NLRB's Employment Ruling Could Hurt Jobs, Business Growth
Ready To Launch

How the NLRB's Employment Ruling Could Hurt Jobs, Business Growth

The NLRB just penalized the only entities providing jobs in this country, in the name of increasing employment. How does that make sense?
Ray Hennessey
How Franchises Are Democratizing Luxury
Small Business - Big Impact

How Franchises Are Democratizing Luxury

With affordable pricing, convenient locations and online scheduling systems, franchising is making health and beauty services accessible to all.
How This Restaurant Is Trying to Start a Poutine Craze Around the World
Franchisors

How This Restaurant Is Trying to Start a Poutine Craze Around the World

A Canadian franchise is taking poutine to the next gut-busting level.
Franchises You Can Start for Less Than $50,000 (Infographic)
Franchises

Franchises You Can Start for Less Than $50,000 (Infographic)

These business range from dog training to event planning and more.
Tracy Stapp Herold
Your Company's Success Depends on Your Sales Skills
Sales Strategies

Your Company's Success Depends on Your Sales Skills

Even if you delegate the sales function, these three tips will make you a great salesperson by proxy.
Heather Ripley
Can You Bring Individuality to a Franchise?
Franchise Players

Can You Bring Individuality to a Franchise?

For these two entrepreneurs, creative control was key to becoming Scout & Molly's franchisees.
Kate Taylor
Meet the Ambitious Franchisees Who Turned Modest Investments Into Bustling Businesses
Small Business - Big Impact

Meet the Ambitious Franchisees Who Turned Modest Investments Into Bustling Businesses

Low-cost franchises are proving lucrative for those willing to put the time and energy into building them up.
Bouncing Back From Failure, a Fitness Business Gets It Right
Franchisors

Bouncing Back From Failure, a Fitness Business Gets It Right

MaxOut Strength Systems went through a serious rough period.
The Longest-Running Pizza Hut in America Is Closing Up Shop
Pizza Hut

The Longest-Running Pizza Hut in America Is Closing Up Shop

After nearly 55 years in business, the Manhattan, Kan., location is shutting down.
Kate Taylor
What Serving as a Marine and NYPD Officer Taught Me About Franchising
Franchise Players

What Serving as a Marine and NYPD Officer Taught Me About Franchising

Brendan Ryan believes that military and police personnel are perfectly prepared for the franchise industry.
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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