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

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.
New McDonald's Lawsuit Could Redefine Franchising as We Know It

New McDonald's Lawsuit Could Redefine Franchising as We Know It

A worker group is filing charges against franchisees and McDonald's as a joint employer, setting a precedent that could have broad ripple effects.
Pizza Slips and Breakfast Soars in Yum Brand's Latest Earnings

Pizza Slips and Breakfast Soars in Yum Brand's Latest Earnings

Sales at KFC and Taco Bell boosted Yum Brands to a solid second quarter, while Pizza Hut struggled to keep up.
Franchise Players: An Advertising 'Mad Man' Takes On In-Home Care Franchising

Franchise Players: An Advertising 'Mad Man' Takes On In-Home Care Franchising

Ken Kuck explains how he and his wife became franchisees in the space.
Franchise Players: How Franchising Provided a Solution for This Minister and His Disabled Son

Franchise Players: How Franchising Provided a Solution for This Minister and His Disabled Son

The owner-investor franchise model was the perfect fit for this family preparing for an uncertain future.
Franchise Players: Why One Franchise Wasn't Enough

Franchise Players: Why One Franchise Wasn't Enough

Passion for her product drove Sanden Andrews to open up four Smoothie King shops.
At Restaurants, Calorie Counts Shape Most Customers' Orders

At Restaurants, Calorie Counts Shape Most Customers' Orders

Calorie counts do matter – 57 percent of customers use menus' nutritional information when deciding what to order, according to a new CDC survey.
How These Brothers Took Over a Taco Franchise

How These Brothers Took Over a Taco Franchise

When these four brothers took a liking to Chronic Tacos, they decided to go all in.
Franchise Players: A Temp Works Her Way to the Top

Franchise Players: A Temp Works Her Way to the Top

When Renee Rodriquez started as a temp at Express Employment Professionals, she never expected she'd someday become a franchisee herself.
Franchisees in Puerto Rico Claim McDonald's Broke FTC Rule

Franchisees in Puerto Rico Claim McDonald's Broke FTC Rule

In letting McDonald's biggest franchisee open up shops in Puerto Rico, local franchisees say the fast-food giant violated FTC rules.
Franchise Players: How I Bought an Embroidery Franchise at 21

Franchise Players: How I Bought an Embroidery Franchise at 21

Maria Emma's key to running a successful business at age 21: having the support of a franchise team.
Franchisee Pays Employees $144K Out of Pocket After Fire Destroys Restaurant

Franchisee Pays Employees $144K Out of Pocket After Fire Destroys Restaurant

This Culver's franchisee says that continuing to pay employees as his restaurant was being rebuilt was not only the right thing to do, but a smart business move.
Franchise Players: My 5 Tips for Potential Franchisees

Franchise Players: My 5 Tips for Potential Franchisees

From travel agent to CruiseOne franchisee, Michael Ramdial is dedicated to making vacation dreams a reality.
Franchise Players: A Former Banker Escapes Monotony Through Franchising

Franchise Players: A Former Banker Escapes Monotony Through Franchising

While Steve Betts felt trapped working at a bank, franchising allowed him to find freedom in entrepreneurship.
Papa John's Founder on What Makes an Outstanding Franchisee

Papa John's Founder on What Makes an Outstanding Franchisee

John Schnatter started what is now a billion-dollar pizza franchise in a broom closet. Now, there are 4,500 Papa John’s restaurants located across the globe.
Franchise Players: From Selling Clothes Out of a Basement to Opening a Brick-and-Mortar Store

Franchise Players: From Selling Clothes Out of a Basement to Opening a Brick-and-Mortar Store

In just a few months, these boutique franchisees' business was far too big for a basement.
Franchise Players: Don't Rush to Find the Right Franchise

Franchise Players: Don't Rush to Find the Right Franchise

With the help of an entrepreneurial coach, this Maui Wowi franchisee learned that finding the right franchise was all about passion.
How to Spot the Ideal Franchise Opportunity for You

How to Spot the Ideal Franchise Opportunity for You

No franchise is perfect, but some can come pretty close -- you just have to go in with your eyes open.
Why Early Adopters Will Win the Franchise Game

Why Early Adopters Will Win the Franchise Game

A 'don't-rock-the-boat' strategy is no longer an acceptable option.
Franchise Players: I Grew My Business Through Co-Branding

Franchise Players: I Grew My Business Through Co-Branding

Richard Helmey was grew his printing business by co-branding with FASTSIGNS. Here's how.
The Weirdest Fast-Food Mashups in America

The Weirdest Fast-Food Mashups in America

X plus Y equals fast-food mega sales? From Doritos Locos Tacos to the Pizza Cake, bizarre food concoctions are appearing on menus across the nation.
Survey: McDonald's Has the Worst Burger in America

Survey: McDonald's Has the Worst Burger in America

In the battle of the chain restaurants, Consumer Reports found that customers were sick of many of fast food mega-chains' specialties.
Franchise Players: Why You Need to Find a Mentor

Franchise Players: Why You Need to Find a Mentor

Franchising provided Jasen Lawrence with mentors with direct experience and expertise in his business.
Winning is Simpler When You Don't Complicate Things

Winning is Simpler When You Don't Complicate Things

If you're not getting the results you want and feel like your business is in a slump, you've probably just gotten away from your fundamentals.
U.S.A.-Belgium World Cup Game Sparks a Waffle War

U.S.A.-Belgium World Cup Game Sparks a Waffle War

Restaurant chains Waffle House and Bojangles are encouraging U.S. fans to boycott Belgian waffles to support the USA World Cup team.
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