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

Reminder: It's National Doughnut Day

Reminder: It's National Doughnut Day

The only thing that makes Friday sweeter? Free doughnuts at Krispy Kreme, Dunkin' Donuts and more.
Franchise Players: On Being the First Franchisee in a Young Industry

Franchise Players: On Being the First Franchisee in a Young Industry

LED Source is the first U.S. franchisor in the LED lighting industry. Jamie Shapiro is its first franchisee. Here's what it means to pave the way.
Franchise Players: The Life of a Franchisee Is No Cakewalk

Franchise Players: The Life of a Franchisee Is No Cakewalk

Ed Manns has been in the restaurant business since age 16. Now a Golden Corral franchisee, he knows the industry -- and all its demands -- inside and out.
Taco Bell and KFC's Parent Company Sees a Future in Vietnamese Sandwiches

Taco Bell and KFC's Parent Company Sees a Future in Vietnamese Sandwiches

Yum Brands is testing a new 'banh mi' concept in Dallas, attempting to capitalize on the growing fast-casual market.
Franchise Players: Mother-Daughter Duo Teams Up as Mover Marketing Franchisees

Franchise Players: Mother-Daughter Duo Teams Up as Mover Marketing Franchisees

This mother-daughter duo found a new family in franchising, all while proving that age is nothing but a number.
Seattle Says Franchises Aren't Small Businesses, Forces Them on $15 Wage Fast Track

Seattle Says Franchises Aren't Small Businesses, Forces Them on $15 Wage Fast Track

The International Franchise Association is filing a lawsuit opposing Seattle's plan, which forces franchises to adopt a $15 minimum wage in three years.
Franchise Players: From Blimpie Employee to Franchise Owner

Franchise Players: From Blimpie Employee to Franchise Owner

Jitin Choudhury went from working at Blimpie at age 16 with his mother to owning his own franchise.
Franchise Players: A Franchisee Finds a Sweet Spot in High School Fundraisers

Franchise Players: A Franchisee Finds a Sweet Spot in High School Fundraisers

When his parent company went under, James Thomson refused to quit the sports fundraising industry, becoming an NFP Sports franchisee.
Why Are Franchises Trying So Hard to Be Hip?

Why Are Franchises Trying So Hard to Be Hip?

7-Eleven has mason jars, TGI Fridays has food trucks and Taco Bell has too many ironic products to name. Here's what's fueling the hipster takeover.
Franchise Players: This Man Signed His Franchise Agreement While Serving in Baghdad

Franchise Players: This Man Signed His Franchise Agreement While Serving in Baghdad

Chris Gately's first steps to become a Workout Anytime franchisee began while he was serving in the military.
McDonald's to Refranchise 1,500 Restaurants

McDonald's to Refranchise 1,500 Restaurants

The burger chain is making a big refranchising push in the next two years, primarily outside the U.S.
Franchise Players: The Challenges of Finding Funding

Franchise Players: The Challenges of Finding Funding

For National Guard veteran Steve Grimes, the most surprising challenge in opening his franchise was finding funding.
New York's Penn Station to Bid Farewell to Some Fast-Food Franchises

New York's Penn Station to Bid Farewell to Some Fast-Food Franchises

The commuter hub is reportedly looking to replace some of its fast-food restaurants.
Franchise Players: A Bronze Star Recipient Recovers From Brain Trauma, Becomes a Franchisee

Franchise Players: A Bronze Star Recipient Recovers From Brain Trauma, Becomes a Franchisee

In the military, Nick Colgin earned a Bronze Star for saving the life of a French soldier. Now, he works as a franchisee for the 'Apple of the home industry.'
Franchise Players: A Veteran Couple Finds a New Team in Franchising

Franchise Players: A Veteran Couple Finds a New Team in Franchising

Chuck and Denise Kerr learned the value of teamwork in the military. Now, their bringing it to their burger franchise.
Franchise Players: The Military Taught Me to Think On My Feet

Franchise Players: The Military Taught Me to Think On My Feet

Jim Lager didn't have much business experience when he started in franchising. But his time in the military hard taught him one thing: how to think fast.
What the World's Most Expensive Doughnut Looks Like

What the World's Most Expensive Doughnut Looks Like

Krispy Kreme recently revealed a doughnut covered with gold leaf and edible diamonds, served with 500-year-old Cognac and Don Perignon.
8 Little-Known Franchises That Make Millions

8 Little-Known Franchises That Make Millions

These franchises have found their niche and are making a big impact.
Franchise Players: How This Veteran Is Helping Other Vets Find the Right Franchise

Franchise Players: How This Veteran Is Helping Other Vets Find the Right Franchise

Gordon Dupries helps future veteran franchisees get started on the right foot with the Boot to Business program.
Franchise Players: I'm Both a Franchisee and Franchisor

Franchise Players: I'm Both a Franchisee and Franchisor

A look at how Mike Lohman spearheaded an effort for Go Mini's dealers to purchase the company.
Longtime Owner Sells TGI Fridays for $800 Million

Longtime Owner Sells TGI Fridays for $800 Million

After nearly four decades of ownership, Carlson sold the restaurant chain to two private-equity firms.
Franchise Player: From Cyclist to House-Flipper to Franchisee

Franchise Player: From Cyclist to House-Flipper to Franchisee

This franchisee worked as a professional cyclist, a cooking show host, a house-flipper and more before finding franchising.
Franchise Players: Working as a Franchisee That's Anything But Local

Franchise Players: Working as a Franchisee That's Anything But Local

When Unishippers debuted a new national model, Brian Lendin was eager to be one of the company's guinea pigs.
Beware of These 10 Franchise Ownership Myths

Beware of These 10 Franchise Ownership Myths

What to consider when weighing a decision to become a franchisee.
The Top Franchise in Every Industry

The Top Franchise in Every Industry

We bring you the 97 franchises that ranked at the top of their sector in Entrepreneur's 2014 Franchise 500.
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Franchise Bible, 7th Edition
Franchise Bible, 7th Edition
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