Franchise

How Busted Phones Created a Booming Business
Franchisors

How Busted Phones Created a Booming Business

Charles Hibble's iPhone repair business expanded to five locations in two years, and it's not done growing. Find out what went right.
How This Ex-Subway Conductor Became an Expert in Franchising
Franchise Players

How This Ex-Subway Conductor Became an Expert in Franchising

After ending his career in the New York City subway system, Tom Scarda became a Maui Wowi franchisee. Now, he helps others find the right franchise for them.
Kate Taylor
What to Expect as a Pizza Chain's First Franchisee in a New State
Franchise Players

What to Expect as a Pizza Chain's First Franchisee in a New State

When Slava Kopilevich had the chance to bring the Sarpino's Pizzeria brand to Florida, he decided to relocate to become the first franchisee in the state.
Kate Taylor
Dog Lovers Bring a New Pet-Care Franchise to Georgia
Franchise Players

Dog Lovers Bring a New Pet-Care Franchise to Georgia

When Nancy and Dave Dalton began looking into opening their own business, they let their love for animals serve as their guide.
Kate Taylor
Why This Franchisee Relocated to Open a Sandwich Shop
Franchise Players

Why This Franchisee Relocated to Open a Sandwich Shop

After 10 years of owning a valet company, Rich Wilkinson decided to relocate to open a Which Wich location in South Carolina.
Kate Taylor
Why These Two Best Friends Opened a Franchise Together at Age 28
Franchise Players

Why These Two Best Friends Opened a Franchise Together at Age 28

Best friends since high school, Randy Vlasic and Alex Veinot always dreamed of opening a business together. Now, they're living the dream.
Kate Taylor
Why the Former President of CiCi's Pizza Became a Bakery Franchisee
Franchise Players

Why the Former President of CiCi's Pizza Became a Bakery Franchisee

As president of CiCi's Pizza, Craig Moore learned plenty about franchising. That's why he bought a Nothing Bundt Cakes franchise.
Kate Taylor
Bringing Something New to Auto Repair Franchising as a Woman
Franchise Players

Bringing Something New to Auto Repair Franchising as a Woman

Tired of being "treated like a moron" when she went to the auto repair shop, Sherry Rector decided to open an Honest-1 Auto Care franchise of her own.
Kate Taylor
Thanks to Auto Industry Rebound, Franchising Booms in November
Jobs

Thanks to Auto Industry Rebound, Franchising Booms in November

After a slow October, the franchising industry added nearly 25,000 jobs last month.
Kate Taylor
Bringing Innovation to the Dry Cleaning Industry
Franchise Players

Bringing Innovation to the Dry Cleaning Industry

For Hector Di Bonaventura, franchising provided a way to bring something new to an industry lacking in innovation.
Kate Taylor
Starting From Scratch After 15 Years in the Workforce
Franchise Players

Starting From Scratch After 15 Years in the Workforce

Eric Silver had worked at a small business, a medium-sized business and a large corporation, but nothing felt right until he opened up his own franchise.
Kate Taylor
How to Make the Best Career Choice for You
Career Change

How to Make the Best Career Choice for You

Listen to yourself and explore all the possibilities. In the end, you'll know what makes sense.
Joel Libava
Helping Dementia Patients Through Franchising
Franchise Players

Helping Dementia Patients Through Franchising

As Right at Home franchisees, Mark and Dr. Nicole Ross serve their community with a new program that helps battle memory loss through music.
Kate Taylor
The 5 Elements of a Successful Franchise
Franchises

The 5 Elements of a Successful Franchise

There is no one perfect franchise, but there are many that have elements that lay the groundwork for success.
Joel Libava
Franchise

A franchise is way for companies to expand their 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.  

There are 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’sSubway and DominosStarbucks, which is commonly thought to be a franchise, is not. 

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

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