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

McDonald's Tests a 60-Second Drive-Thru Guarantee

McDonald's Tests a 60-Second Drive-Thru Guarantee

In a bid to speed up service, McDonald's is promising customers in South Florida free food if they don't get their meals served up in under a minute.
Franchise Players: How a Travel-Loving Cosmetologist Became a Franchisee

Franchise Players: How a Travel-Loving Cosmetologist Became a Franchisee

For Maria Tilton, a love for travel became a career when she invested in a Cruise Planners franchise.
P.F. Chang's Says Credit-Card Breach Affected 33 Restaurants

P.F. Chang's Says Credit-Card Breach Affected 33 Restaurants

The Asian-themed restaurant chain revealed the breach affected 33 locations across 16 states.
Franchise Players: This Corporate Employee Put Her Money Where Her Mouth Was and Bought a Franchise

Franchise Players: This Corporate Employee Put Her Money Where Her Mouth Was and Bought a Franchise

This Shula Burger executive always wanted to own her own business. So, she opened her own Shula Burger franchise while still serving as director of marketing for the chain.
Franchise Players: Why We Chose a Childcare Franchise

Franchise Players: Why We Chose a Childcare Franchise

Steve and Stefani Kulawik talk about the challenges and triumphs of opening a family business that reflects their values.
Franchise Players: Never Stop Marketing

Franchise Players: Never Stop Marketing

This franchising couple see every moment as a chance to advertise their franchise.
The 9 Highest Calorie Meals from Your Favorite Chain Restaurants

The 9 Highest Calorie Meals from Your Favorite Chain Restaurants

Can you guess which chain took the cake for the most calorie-rich food offering? Hint: It has a 2,780 calorie French toast dish.
Franchise Players: Why We Turned Our Independent Business Into a Franchised Location

Franchise Players: Why We Turned Our Independent Business Into a Franchised Location

These College Hunks Hauling Junk franchisors tried to open up a pilot location for a new franchise concept, before converting the location into a Two Maids & A Mop franchised unit.
Mrs. Fields and TCBY Are Rising From the Ashes, Hand in Hand

Mrs. Fields and TCBY Are Rising From the Ashes, Hand in Hand

Through dual branding and an in-store ecommerce business, the two sweet sister brands are hoping to cash in on a new type of franchise.
Regulator Names McDonald's a 'Joint Employer'

Regulator Names McDonald's a 'Joint Employer'

The National Labor Relations Board has deemed McDonald's a 'joint employer' – a decision that could redefine franchising as we know it.
Would You Make a Good Franchisee?

Would You Make a Good Franchisee?

Experts discuss the key traits of successful franchisees and how to find the business model that's right for you.
Jamba Juice Is Going On a Serious Franchisee Recruitment Spree

Jamba Juice Is Going On a Serious Franchisee Recruitment Spree

With new franchise initiatives, the smoothie chain wants to almost double its number of franchised locations in the next five years.
Franchise Players: After Tragedy, a Son Takes Over as Franchisee

Franchise Players: After Tragedy, a Son Takes Over as Franchisee

When his father died, it was Mark Calis's turn to step up as co-owner of a Minuteman Press with his mother.
10 Habits of Highly Successful Future Franchisees

10 Habits of Highly Successful Future Franchisees

Just because you own a franchise, a business with proven systems and tested procedures, doesn’t mean you can kick back and chillax.
With Investors Hungry for Fast-Casual Chicken, El Pollo Loco Makes Strong Public Debut

With Investors Hungry for Fast-Casual Chicken, El Pollo Loco Makes Strong Public Debut

Shares of the Mexican-style chicken franchise were off to a strong start on their first day of trading.
Franchise Players: We Were Planet Fitness's First Franchisees. Now, We Own 22 Locations.

Franchise Players: We Were Planet Fitness's First Franchisees. Now, We Own 22 Locations.

Over the last decade, Eric Dore and Shane McGuiness have seen Planet fitness grow from a regional fitness chain to an 800-plus location franchise.
Dunkin' Sales Disappoint as Same-Store Sales Drag

Dunkin' Sales Disappoint as Same-Store Sales Drag

The company missed expectations due to weak sales at Dunkin' Donuts in the U.S. and Baskin-Robbins' struggles abroad.
Franchisees Take 7-Eleven to Court for Alleged Racial Discrimination

Franchisees Take 7-Eleven to Court for Alleged Racial Discrimination

A group of franchisees are accusing the convenience chain of trying to make a profit by systematically forcing South Asian immigrant franchisees out.
Franchise Players: Hiring the Right People Is the Hardest Part

Franchise Players: Hiring the Right People Is the Hardest Part

After 30 years in the corporate world, Skip Wyatt decided it was time to create jobs instead of finding ways to eliminate them.
The Restaurants Business Travelers Love the Most (Infographic)

The Restaurants Business Travelers Love the Most (Infographic)

Chick-fil-A and Chipotle are two of the hottest brands in food right now. Here's how they're cashing in on travelers' tastes.
Chinese Police Detain Five in Expired Meat Investigation

Chinese Police Detain Five in Expired Meat Investigation

Officials believe the American-owned food supplier in China purposefully sold expired chicken to chains including McDonald's, KFC and Starbucks.
Franchise Players: A Military Veteran and Leukemia Survivor Embraces Life as a Franchisee

Franchise Players: A Military Veteran and Leukemia Survivor Embraces Life as a Franchisee

After 10 years in the Marines and a bout with leukemia, this franchisee decided she wanted to be an entrepreneur.
From Pizza in a Cone to Poutine: The Marketing Power of Far-Out Food Franchises

From Pizza in a Cone to Poutine: The Marketing Power of Far-Out Food Franchises

These franchise founders are turning oddball menu offerings into serious business.
Franchise Players: Learning to Manage Entry-Level Employees

Franchise Players: Learning to Manage Entry-Level Employees

Devang and Chaitali Kothari didn't realize that the biggest challenge in franchising would be learning to be good managers.
Franchise Players: What This Franchisee Power Couple Has Learned in Two Decades of Entrepreneurship

Franchise Players: What This Franchisee Power Couple Has Learned in Two Decades of Entrepreneurship

After taking a leap of faith 22 years ago, Susan and Dan Manwaring have opened 14 Batteries Plus Bulbs stores.
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