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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: One Woman's Long Journey to Become a Sylvan Learning Center Franchisee

Franchise Players: One Woman's Long Journey to Become a Sylvan Learning Center Franchisee

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Once, Hillary Malone Tilton was a student at Sylvan Learning Center. Today, she runs 13 locations.
February 24, 2014 in Franchises
Franchise Players: From Making Minimum Wage to Running the Show as a CiCi's Pizza Franchisee

Franchise Players: From Making Minimum Wage to Running the Show as a CiCi's Pizza Franchisee

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When she was 16, Dulce Luevano was making $5.15 working at CiCi's Pizza. Now, she owns her own shop.
February 21, 2014 in Franchises
Wendy's Sells 70 Restaurants in Dallas, Continuing Refranchising Effort

Wendy's Sells 70 Restaurants in Dallas, Continuing Refranchising Effort

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As a part of a refranchising push to sell 415 restaurants to franchisees, Wendy's has sold 70 units in Dallas-Fort Worth.
February 20, 2014 in Franchises
How a Rebrand Helped Spice Up This Cal-Mex Chain

How a Rebrand Helped Spice Up This Cal-Mex Chain

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By pivoting its brand strategy, CalTort has managed to stay competitive with Chipotle, Moe's and other franchises. Here is what you can learn from them.
February 20, 2014 in Branding
Franchise Players: From Technician to 'All In' as a Car Care Franchisee

Franchise Players: From Technician to 'All In' as a Car Care Franchisee

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When Pete Robinson started as an apprentice technician at a little auto shop, he had no idea he'd some day end up owning his own Meineke Car Center.
February 19, 2014 in Franchises
Avoid These 3 Simple Mistakes When Buying a Franchise

Avoid These 3 Simple Mistakes When Buying a Franchise

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Owning a franchise can provide you the lifestyle, income and work balance you desire, but you need to be careful, as some opportunities are better than others.
February 18, 2014 in Franchises
 Starbucks Banned at Sochi? No Problem. NBC Finds a Way to Smuggle It In.

Starbucks Banned at Sochi? No Problem. NBC Finds a Way to Smuggle It In.

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While Starbucks isn't an Olympic sponsor, NBC has managed to set up its own shop for coffee addicts.
February 17, 2014 in Franchises
Franchise Players: The Journey From Massage Therapist to Massage Franchisee

Franchise Players: The Journey From Massage Therapist to Massage Franchisee

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For Jackie Martinez, Elements Massage has evolved from an outlet for her stress to an hourly job to her very own franchise.
February 17, 2014 in Franchises
Pizza for Proposals, Kisses for Burritos: 5 Chains With the Quirkiest Valentine's Day Deals

Pizza for Proposals, Kisses for Burritos: 5 Chains With the Quirkiest Valentine's Day Deals

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Looking for low-cost dates this Valentine's Day? These five chains, including White Castle, Qdoba and Fazoli's, have you covered.
February 14, 2014 in Franchises
5 Tips for Finding the Perfect Franchise

5 Tips for Finding the Perfect Franchise

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With dissatisfying careers and back-to-back layoffs, many people are choosing to take control of their personal and professional future by exploring franchise opportunities. Consider these five tips when looking at franchises.
February 14, 2014 in Franchises
Franchise Players: Serious Challenges Didn't Stop This Franchise Duo

Franchise Players: Serious Challenges Didn't Stop This Franchise Duo

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It hasn't always been easy, but Rainbow Station franchisee power couple Parks Hunter and Michelle Mistele believe franchising is best done together.
February 14, 2014 in Franchises
Burger King's Refranchising Efforts Boost 2013 Results

Burger King's Refranchising Efforts Boost 2013 Results

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Burger King reported today that its net income rose 99 percent this year as its refranchising initiative comes to a close.
February 13, 2014 in Franchises
Franchise Players: How a Martial Arts Franchise Energized This Couple's Relationship

Franchise Players: How a Martial Arts Franchise Energized This Couple's Relationship

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Pro Martial Arts franchisees John and Lisa Highberger talk consulting and communication.
February 13, 2014 in Franchises
Franchise Players: Terry and Lisa Jeffers on Running a Franchise With Your Spouse

Franchise Players: Terry and Lisa Jeffers on Running a Franchise With Your Spouse

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Terry and Lisa Jeffers wanted a franchise that combined heart and business. Here's what you can learn about mixing marriage and franchising from this power couple.
February 12, 2014 in Franchises
Mushy Marketing Ploy: Pizza Hut Joins OKCupid

Mushy Marketing Ploy: Pizza Hut Joins OKCupid

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Lonely this Valentine's Day? Pizza Hut is looking to settle down and has entered the dating market on OKCupid.
February 11, 2014 in Franchises
Franchise Players: How This Pizza Chain Power Couple Balances Business and Romance

Franchise Players: How This Pizza Chain Power Couple Balances Business and Romance

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Phil and Denise Downing started as delivery drivers at Topper's Pizza in the late '90s. Here’s how they've grown closer as they've moved up the ranks.
February 11, 2014 in Franchises
The Difference Between a Business and a Brand

The Difference Between a Business and a Brand

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How do you define what a brand is, and what does it take to get there?
February 7, 2014 in Branding
Encouraged by Solid Year, Dunkin' Aims to Conquer New Markets

Encouraged by Solid Year, Dunkin' Aims to Conquer New Markets

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The first year that Dunkin' has sold commitments in California, the company increased revenue 8.5 percent.
February 7, 2014 in Franchises
Subway to Remove Chemical From Sandwich Bread Following Blogger's Protest

Subway to Remove Chemical From Sandwich Bread Following Blogger's Protest

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When it comes to fast food, this health blogger gets chains to make changes -- fast.
February 6, 2014 in Franchises
Franchise Players: Franchising Gave This Young b.good Owner Real-World Experience

Franchise Players: Franchising Gave This Young b.good Owner Real-World Experience

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When Bill Zolper opened a b.Good franchise, his years studying entrepreneurship were put to the test.
February 6, 2014 in Franchises
Franchise Players: How This Franchisee Made Dumpsters a Family Business

Franchise Players: How This Franchisee Made Dumpsters a Family Business

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James Spink wanted a job that allowed him to spend time with his wife and son. So, he joined the Bin There Dump That franchise family.
February 5, 2014 in Franchises
Photos: From Chipotle to Starbucks: 6 Chains That Do Mobile Apps Right

From Chipotle to Starbucks: 6 Chains That Do Mobile Apps Right

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As Chipotle prepares to offer mobile payment, we take a look at six of the best mobile apps in the restaurant business.
February 4, 2014 in Franchises
Why 'Captain America' Types Make the Best Franchisees

Why 'Captain America' Types Make the Best Franchisees

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Not everyone has the personality to be a franchisee. Here's what you should know before you make the jump.
February 4, 2014 in Franchises
Franchise Players: A Complete Nutrition Franchisee on Learning to 'Be the Boss'

Franchise Players: A Complete Nutrition Franchisee on Learning to 'Be the Boss'

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Ashley Olson's employers turned into her biggest cheerleaders when she was chosen by Complete Nutrition's owners to open her own franchise.
January 31, 2014 in Franchises
Extreme Makeover, Franchise Style

Extreme Makeover, Franchise Style

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A Bruster's store gets a prizewinning makeover.
January 30, 2014 in Franchises
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Franchise Bible 7E
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