Franchise

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 Players: After Opening 130 Dunkin' Donuts, They Added on Wings
Franchise Players

Franchise Players: After Opening 130 Dunkin' Donuts, They Added on Wings

Even with 130 Dunkin' Donuts and six Wingstops, these wing kings aren't done yet.
Kate Taylor
Cinnaholic Says Cinnamon Buns Are the Next Cupcakes, And 'Shark Tank' Agrees
Shark Tank

Cinnaholic Says Cinnamon Buns Are the Next Cupcakes, And 'Shark Tank' Agrees

The founders of Cinnaholic want to make their customizable cinnamon rolls a national brand. Here's how they snagged $200,000 on 'Shank Tank.'
Kate Taylor
Franchisees: How Well Do You Know Your State's Tax Code?
Papa Murphy's

Franchisees: How Well Do You Know Your State's Tax Code?

If take-and-back pizza franchisees don't know their state's sales tax and food stamps laws, they can lose big.
Kate Taylor
Franchise Players: How This Franchisee Runs 200 Oil Change Shops
Franchise Players

Franchise Players: How This Franchisee Runs 200 Oil Change Shops

Don Smith owns Valvoline franchises from coast to coast, with locations in 12 states with more than 1,000 employees.
Kate Taylor
Why 'Burgers for Breakfast' Is Actually a Win for Burger King
Burger King

Why 'Burgers for Breakfast' Is Actually a Win for Burger King

Burger King is making burgers and fries available during breakfast hours at 5,000 restaurants in the US.
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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