Franchise

News and Articles About Franchise

Restaurant Job Growth Rebounds in March (Infographic)
ADP Reports

Restaurant Job Growth Rebounds in March (Infographic)

After a grim February, restaurants once again ruled as the largest job creators in the franchise sector.
Kate Taylor
Our Top Homebased Franchises, No Office Space Required
Franchise

Our Top Homebased Franchises, No Office Space Required

Lower startup costs -- sixty of these homebased companies can be started for less than $50,000 -- are just part of the reason for these businesses' popularity.
Tracy Stapp Herold
Franchise Players: How We Knew Which Franchise Was Best for Us
Franchise Players

Franchise Players: How We Knew Which Franchise Was Best for Us

With a wealth of experience in corporate management, these Goddard School franchisees knew the right franchisor was key to success.
Kate Taylor
5 Ways Tech Is Forever Changing Fitness Franchises
Fitness Businesses

5 Ways Tech Is Forever Changing Fitness Franchises

With apps, wearable tech and the ability to micromanage franchisees across the country, tech is giving fitness chains new ways to flex their business muscle.
Kate Taylor
Introducing Entrepreneur's Top New Franchises to Watch
New franchises

Introducing Entrepreneur's Top New Franchises to Watch

These 57 newbies all started franchising in the past five years.
Tracy Stapp Herold
KFC's Drumstick Corsages Are the Latest Quirky, Millennial-Targeted Fast-Food Experiment
KFC

KFC's Drumstick Corsages Are the Latest Quirky, Millennial-Targeted Fast-Food Experiment

In the ongoing battle to prove which fast-food chain 'gets' millennials the most, KFC is now selling corsages for prom
Kate Taylor
Franchise Players: This Customer Bought a Franchise to Save It From Closing
Franchise Players

Franchise Players: This Customer Bought a Franchise to Save It From Closing

In a serious sign of customer loyalty, Akash Lal became the owner of his local go-to PostNet location to save it from shuttering its doors.
Kate Taylor
From Independent Business Owner to Franchisee
Franchisees

From Independent Business Owner to Franchisee

Don Robinson has been an independent restaurant owner -- twice -- but has come to the realization that being a franchisee plays to his strengths.
Franchise Players: International Hooters Franchisee on Taking the Business Worldwide
Franchise Players

Franchise Players: International Hooters Franchisee on Taking the Business Worldwide

With Hooters locations from South Africa to Portland, Ore., Michael Pruitt knows how to make a brand go global.
Kate Taylor
The Real Reason Business Travelers Love Fast-Food (Hint: It's Not Because They're Big Mac Addicts)
Business Travel

The Real Reason Business Travelers Love Fast-Food (Hint: It's Not Because They're Big Mac Addicts)

A new report shows that the three restaurants business travelers expense the most are Starbucks, McDonald's and Panera Bread. Here's why.
Kate Taylor
Franchise Players: How This Popcorn Franchisee Gets Business Popping
Franchise Players

Franchise Players: How This Popcorn Franchisee Gets Business Popping

Melanie Kittrell knows that people love popcorn. So, she's working to find new ways to sell it to eager customers.
Kate Taylor
Chick-fil-A Tries to Appeal to New Yorkers By Updating Image
Chick-fil-A

Chick-fil-A Tries to Appeal to New Yorkers By Updating Image

The socially conservative chicken chain is expanding into urban locations in 2014, including New York City.
Kate Taylor
Franchise Players: Serving Up Sweet Tea at a Southern Franchise With a 'Radical Fan Base'
Franchise Players

Franchise Players: Serving Up Sweet Tea at a Southern Franchise With a 'Radical Fan Base'

Bojangles' is known for having some of the most dedicated customers in the industry. Kristal Beaver would know -- she was one prior to becoming a franchisee.
Kate Taylor
Bankrupt Quiznos Settles With Franchisees in Cost Dispute
Quiznos

Bankrupt Quiznos Settles With Franchisees in Cost Dispute

The bankrupt sandwich chain has reached a settlement with 12 defunct franchisees who were suing the company for about $40 million.
Kate Taylor
Franchise

A franchise is way for companies to expand its 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.  

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’s, Subway and Dominos. Starbucks, which is commonly thought to be a franchise, is not.

For more information about top franchises, check out Entrepreneur's "2015 Franchise 500 Rankings," or get the Entrepreneur Franchise 500.  

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