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

NBA's Gooden Buys Into Wingstop Franchise, Citing Lockout

NBA's Gooden Buys Into Wingstop Franchise, Citing Lockout

The Milwaukee Bucks forward says he's thinking about his future as he signs pact to open four locations of the national hot-wings chain in Orlando.
Franchise Group Resists Union Rules

Franchise Group Resists Union Rules

A major franchise group is speaking out against efforts to update union election rules, saying such a move could "effectively silence" employers during organizing drives by shortening the time between signature gathering and elections.
From Modest Roots to a 3,000-Salon Franchise

From Modest Roots to a 3,000-Salon Franchise

How the founders of Great Clips haircutting company built a thriving business.
How Rent-A-Grandma Got Started

How Rent-A-Grandma Got Started

For better quality child care, this franchisor turned to those with the most experience.
Franchise Group Says Tax Reform Could Hurt

Franchise Group Says Tax Reform Could Hurt

The new bipartisan "Super Committee" could trim the deficit by enacting tax measures that hurt franchise operators who file as individuals, the International Franchise Association says.
Is My Business Ready to Franchise?

Is My Business Ready to Franchise?

If you're looking to expand, franchising can be ideal -- as long as you've got these six basics covered.
Six Tips for Taking Your Franchise Global

Six Tips for Taking Your Franchise Global

Is your goal world domination? Here's advice on how to make your business concept a success outside the U.S.
A Small-Business Owner Who Survived the World Trade Center Attacks Looks Back After 10 Years

A Small-Business Owner Who Survived the World Trade Center Attacks Looks Back After 10 Years

Greg Carafello looks back at how Sept. 11, 2001, changed him as a business owner.
How to Find Hot Franchises in a Cold Market

How to Find Hot Franchises in a Cold Market

What buyers look for when shopping for a franchise if a famous brand name doesn't top their list.
10 Good Reasons Franchise Buyers Need A Lawyer

10 Good Reasons Franchise Buyers Need A Lawyer

Before you sign for that franchise, have a pro read the fine print.

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Franchise Bible, 7th Edition
Franchise Bible, 7th Edition
By Erwin J. Keup and Peter Keup
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