Franchise

Will Taco Bell's Latest Mashup Be a Hit?
Taco Bell

Will Taco Bell's Latest Mashup Be a Hit?

Taco Bell is rolling out the Quesarito -- a quesadilla burrito combination -- nationwide on June 9.
Kate Taylor
Reminder: It's National Doughnut Day
Dunkin Donuts

Reminder: It's National Doughnut Day

The only thing that makes Friday sweeter? Free doughnuts at Krispy Kreme, Dunkin' Donuts and more.
Kate Taylor
Franchise Players

Franchise Players: On Being the First Franchisee in a Young Industry

LED Source is the first U.S. franchisor in the LED lighting industry. Jamie Shapiro is its first franchisee. Here's what it means to pave the way.
Kate Taylor
Franchise Players: The Life of a Franchisee Is No Cakewalk
Franchise Players

Franchise Players: The Life of a Franchisee Is No Cakewalk

Ed Manns has been in the restaurant business since age 16. Now a Golden Corral franchisee, he knows the industry -- and all its demands -- inside and out.
Kate Taylor
Taco Bell and KFC's Parent Company Sees a Future in Vietnamese Sandwiches
Yum Brands

Taco Bell and KFC's Parent Company Sees a Future in Vietnamese Sandwiches

Yum Brands is testing a new 'banh mi' concept in Dallas, attempting to capitalize on the growing fast-casual market.
Kate Taylor
Franchise Players: Mother-Daughter Duo Teams Up as Mover Marketing Franchisees
Franchise Players

Franchise Players: Mother-Daughter Duo Teams Up as Mover Marketing Franchisees

This mother-daughter duo found a new family in franchising, all while proving that age is nothing but a number.
Kate Taylor
Seattle Says Franchises Aren't Small Businesses, Forces Them on $15 Wage Fast Track
Minimum Wage

Seattle Says Franchises Aren't Small Businesses, Forces Them on $15 Wage Fast Track

The International Franchise Association is filing a lawsuit opposing Seattle's plan, which forces franchises to adopt a $15 minimum wage in three years.
Kate Taylor
Franchise Players: From Blimpie Employee to Franchise Owner
Franchise Players

Franchise Players: From Blimpie Employee to Franchise Owner

Jitin Choudhury went from working at Blimpie at age 16 with his mother to owning his own franchise.
Kate Taylor
Franchise Players: A Franchisee Finds a Sweet Spot in High School Fundraisers
Franchise Players

Franchise Players: A Franchisee Finds a Sweet Spot in High School Fundraisers

When his parent company went under, James Thomson refused to quit the sports fundraising industry, becoming an NFP Sports franchisee.
Kate Taylor
Why Are Franchises Trying So Hard to Be Hip?
Franchise

Why Are Franchises Trying So Hard to Be Hip?

7-Eleven has mason jars, TGI Fridays has food trucks and Taco Bell has too many ironic products to name. Here's what's fueling the hipster takeover.
Kate Taylor
Franchise Players: This Man Signed His Franchise Agreement While Serving in Baghdad
Franchise Players

Franchise Players: This Man Signed His Franchise Agreement While Serving in Baghdad

Chris Gately's first steps to become a Workout Anytime franchisee began while he was serving in the military.
Kate Taylor
McDonald's to Refranchise 1,500 Restaurants
McDonalds

McDonald's to Refranchise 1,500 Restaurants

The burger chain is making a big refranchising push in the next two years, primarily outside the U.S.
Kate Taylor
Franchise Players: The Challenges of Finding Funding
Franchise Players

Franchise Players: The Challenges of Finding Funding

For National Guard veteran Steve Grimes, the most surprising challenge in opening his franchise was finding funding.
Kate Taylor
New York's Penn Station to Bid Farewell to Some Fast-Food Franchises
Franchise

New York's Penn Station to Bid Farewell to Some Fast-Food Franchises

The commuter hub is reportedly looking to replace some of its fast-food restaurants.
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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