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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

Franchise Players: This Franchisee Caught the Business Bug in High School

Franchise Players: This Franchisee Caught the Business Bug in High School

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Molly Martin has known since sophomore year of high school that she wanted to be an entrepreneur. Here's how made it happen as a Wireless Zone franchisee.
March 13, 2014 in Franchises
Why Health-Care Franchising Is Entering a Boom Time

Why Health-Care Franchising Is Entering a Boom Time

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Enterprising businesspeople are finding that the franchise model can dispense routine medical services as efficiently as it delivers fried chicken or oil changes.
March 12, 2014 in Franchises
A Former College Basketball Coach on Building a Winning Franchise Investment

A Former College Basketball Coach on Building a Winning Franchise Investment

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For this Sport Clips Haircuts franchisee, coaching a basketball team and running a franchise are more similar than you'd think.
March 12, 2014 in Franchises
Franchise Players: A Young Franchisee Brings Family's Lessons to Forever Yogurt

Franchise Players: A Young Franchisee Brings Family's Lessons to Forever Yogurt

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Mit Patel draws inspiration from his family as he ventures out as his own franchisee.
March 12, 2014 in Franchises
Tesla's Direct-Sales Model Banned in New Jersey

Tesla's Direct-Sales Model Banned in New Jersey

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In a victory for auto franchises, Tesla Motors has lost its right to sell vehicles in New Jersey.
March 11, 2014 in Franchises
Chili's Ups Its Marketing Game By Pushing Its Do-Good Social Programs

Chili's Ups Its Marketing Game By Pushing Its Do-Good Social Programs

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The restaurant franchise released a video titled 'More Life Happens Here' promoting its charitable activities.
March 11, 2014 in Marketing
Franchise Players: A Pet Care Franchisee Changed Her Life at 21

Franchise Players: A Pet Care Franchisee Changed Her Life at 21

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As a 21-year-old business novice, Lauren Morenz found meaning in her job as a Fetch! Pet Care franchisee.
March 11, 2014 in Franchises
Buying a Franchise? What to Look for in a Company's History

Buying a Franchise? What to Look for in a Company's History

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The documents franchises offer tell part of the story, but franchisees need the full history before committing to anything.
March 11, 2014 in Franchises
Franchise Players: A Franchisee Explores the Developing Field of Vapor Stores

Franchise Players: A Franchisee Explores the Developing Field of Vapor Stores

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As a tobacco outlet owner, Nathan Renschler saw the industry moving towards e-cigarettes, or vaping, and followed the growing trend.
March 10, 2014 in Franchises
Franchise Players: One Logistics Franchisee's 11 Keys to Franchising

Franchise Players: One Logistics Franchisee's 11 Keys to Franchising

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Do something you love, find a balance and more advice from one BlueGrace Logistics franchisee.
March 7, 2014 in Franchises
Sbarro, a Food-Court Staple, May File for Bankruptcy as Early as Next Week

Sbarro, a Food-Court Staple, May File for Bankruptcy as Early as Next Week

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If 2014 is the year fast-food pizza dies, Sbarro may be the first victim. According to reports, the chain is preparing to file for bankruptcy.
March 6, 2014 in Franchises
Franchise Players: How This Franchisee Turned Military Lessons Into Business Success

Franchise Players: How This Franchisee Turned Military Lessons Into Business Success

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Andrew Wilson hasn't let the fact that he’s spent five of the last 10 years deployed slow him down as a franchisee.
March 6, 2014 in Franchises
Burger King Replaces Regular Fries With 'Satisfries' in Kid's Meals

Burger King Replaces Regular Fries With 'Satisfries' in Kid's Meals

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The burger chain's lower-calorie fries will now serve as the standard fry in Burger King's Kid's Meals.
March 5, 2014 in Franchises
Franchise Players: Two Businessmen Who Teamed Up to Take On Foundation Repair

Franchise Players: Two Businessmen Who Teamed Up to Take On Foundation Repair

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When these franchisees saw the challenges of constructing strong foundations, they decided to be part of the solution.
March 5, 2014 in Franchises
Olive Garden Undergoes 'Brand Renaissance' as Investors' Criticism Intensifies

Olive Garden Undergoes 'Brand Renaissance' as Investors' Criticism Intensifies

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Yesterday, Olive Garden revealed a new logo and revamped restaurants. However, investors still want the chain to be cut off.
March 4, 2014 in Franchises
Franchise Players: From Piloting Planes to Fro-Yo Franchising

Franchise Players: From Piloting Planes to Fro-Yo Franchising

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Here's how Paul Hornick went from working as a stunt pilot to owning four Red Mango frozen yogurt shops.
March 4, 2014 in Franchises
Local Pizza Chain Gets Huge Shoutout at Oscars

Local Pizza Chain Gets Huge Shoutout at Oscars

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The Oscars had an unexpected star, thanks to Ellen DeGeneres ordering pizza for some of the biggest names in show business.
March 3, 2014 in Franchises
Franchise Players: We Put Our Home on the Line to Buy a Franchise

Franchise Players: We Put Our Home on the Line to Buy a Franchise

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Josh Kattenberg knew buying a Real Property Management franchise would have its challenges. Here's how he faced them.
March 3, 2014 in Franchises
McDonald's Wants to Run More Tests on 'Build-Your-Own-Burger' Concept

McDonald's Wants to Run More Tests on 'Build-Your-Own-Burger' Concept

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We'll soon see if McDonald's can keep fast food speedy and cheap while giving customers customization options.
February 28, 2014 in Franchises
Report: Quiznos Is Preparing to File for Bankruptcy

Report: Quiznos Is Preparing to File for Bankruptcy

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According to reports, Quiznos is moving towards its second major financial restructuring in the last two years.
February 28, 2014 in Franchises
Franchise Players: A Female Entrepreneur Steers an Auto Care Franchise

Franchise Players: A Female Entrepreneur Steers an Auto Care Franchise

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Rissy Sutherland played the field in the franchise industry, before becoming COO of Honest-1 Auto Care.
February 28, 2014 in Franchises
Franchise Players: This Repair Technician Proves Any Time Can Be Right to Start Your Business

Franchise Players: This Repair Technician Proves Any Time Can Be Right to Start Your Business

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Jeanne Lemieux worked as a technician for 26 years before opening up her own Mr. Appliance franchise. Here's what she learned.
February 27, 2014 in Franchises
Desperate Measures: Olive Garden Revamps Menu as Investors Get Pushy

Desperate Measures: Olive Garden Revamps Menu as Investors Get Pushy

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Olive Garden added 20 new items to its menu, as investors call for its parent company to shed the struggling chain.
February 26, 2014 in Franchises
Franchise Players: Two Men and a Truck's First Franchisee Reflects on 27 Years in Franchising

Franchise Players: Two Men and a Truck's First Franchisee Reflects on 27 Years in Franchising

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Two Men and a Truck is built on a family of female entrepreneurs. Here’s what the first franchisee (and the founder's daughter) has learned.
February 26, 2014 in Franchises
Fast-Food Chains Are Suddenly Going Bananas Over Breakfast

Fast-Food Chains Are Suddenly Going Bananas Over Breakfast

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From Taco Bell's new Waffle Tacos to McDonald's potential extended breakfast hours, chains are giving breakfast lovers something to talk about.
February 25, 2014 in Franchises
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