Franchise

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
Turning a Mom-and-Pop Business into a Franchise That Serves 14 States
Franchise Players

Turning a Mom-and-Pop Business into a Franchise That Serves 14 States

In 9 years, Vincent Lee took a small janitorial business and turned it into a franchise that provides services for huge companies including Nike and FedEx.
Kate Taylor
You're Either an Entrepreneur or You're Not. There Is No In-Between.
Franchise Players

You're Either an Entrepreneur or You're Not. There Is No In-Between.

Shahid Hashmi is an entrepreneur through and through, as the franchisee of 40 Popeye's, two Burger Kings and one ZIPS Dry Cleaning.
Kate Taylor
How These Subway Owners Decided to Open a Teriyaki Madness Franchise
Franchise Players

How These Subway Owners Decided to Open a Teriyaki Madness Franchise

This husband and wife duo already own 16 Subway franchises. Now, they're expanding into the Asian grill market.
Kate Taylor
To Find the Right Franchise, Test Drive More Than One
Franchise Opportunities

To Find the Right Franchise, Test Drive More Than One

Selecting a franchise is an enormous decision. Take a look at several, and consider your own skills and goals, before choosing.
Rick Bisio
How I Protect the Environment as a Green Cleaning Franchisee
Franchise Players

How I Protect the Environment as a Green Cleaning Franchisee

For Lindsay Dellasega, EcoMaids is the perfect combination of sustainable living and entrepreneurship.
Kate Taylor
Why Business Ownership Is an Exercise in Personal Development
Franchise Players

Why Business Ownership Is an Exercise in Personal Development

This franchisee coaches others to follow in her entrepreneurial footsteps.
Kate Taylor
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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