Franchise

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Franchise Players: From Finance to a Million-Dollar Franchise
Franchise Players

Franchise Players: From Finance to a Million-Dollar Franchise

In less than four years, Stacy Huston's Handyman Matter franchise location grossed more than a million dollars.
Kate Taylor
Franchise Players: Why a Painting Franchise Was the Right Cultural Fit for This Veteran
Franchise Players

Franchise Players: Why a Painting Franchise Was the Right Cultural Fit for This Veteran

Stephen Luxion knew CertaPro Painters was the right fit for him because of the tough-love culture, which reminded him of his Air Force roots.
Kate Taylor
Franchise Players: How This Entrepreneur From a Franchising Family Chose to Open Her Own Signarama
Franchise Players

Franchise Players: How This Entrepreneur From a Franchising Family Chose to Open Her Own Signarama

Maggie Harlow knew plenty about franchising before becoming a franchisee. But, she didn't want to take over the family business.
Kate Taylor
Franchise Players: Why This Serial Entrepreneur Became a Johnny Rockets Franchisee
Franchise Players

Franchise Players: Why This Serial Entrepreneur Became a Johnny Rockets Franchisee

Five years ago, Marriette Simoni brought her experience as a real estate and luxury brand entrepreneur to the Johnny Rockets franchise.
Kate Taylor
6 Essential Traits of Successful Entrepreneurs
Starting a Franchise Business

6 Essential Traits of Successful Entrepreneurs

Are you ready to take the plunge and run a franchise business?
Rick Bisio
Chicken Craze Continues as Wingstop Plans IPO
IPO

Chicken Craze Continues as Wingstop Plans IPO

Chicken-wings chain Wingstop is plotting a $100 million IPO, according to reports.
Kate Taylor
Dunkin' Brands: Hitting 2014 Sales Goals Won't Be Easy
Franchise

Dunkin' Brands: Hitting 2014 Sales Goals Won't Be Easy

The parent company of Dunkin' Donuts and Baskin-Robbins reported a better-than-expected quarterly profit, but said hitting annual sales targets will be a challenge.
Franchise Players: I Became a Franchisee Fresh Out of College
Franchise Players

Franchise Players: I Became a Franchisee Fresh Out of College

Chris Drucquer became a franchisee soon after graduating college. Twenty-two years later, he says he's just getting started.
Kate Taylor
The 'Smart Slice' Is Coming: 5 Fast-Food Trends for 2015
Franchise

The 'Smart Slice' Is Coming: 5 Fast-Food Trends for 2015

From Taco Bell to Dunkin Donuts, fast-food giants are innovating heavily as they look to take a bigger bite of the market.
Brian Sozzi
Iced Coffee Too Cold to Hold? Dunkin' Franchisees Have Final Say on 'Double Cupping.'
Coffee

Iced Coffee Too Cold to Hold? Dunkin' Franchisees Have Final Say on 'Double Cupping.'

Individual franchisees can decide whether to charge customers for putting a foam cup around a plastic cup of iced coffee.
Kate Taylor
Franchise Players: Why This Entrepreneur Invested in a Trampoline Park Franchise
Franchise Players

Franchise Players: Why This Entrepreneur Invested in a Trampoline Park Franchise

Phil Stoops found a career as a Sky Zone franchisee after two decades in corporate America.
Kate Taylor
McDonald's Profit Plunges 30 Percent as Traffic Continues to Fall
Franchise

McDonald's Profit Plunges 30 Percent as Traffic Continues to Fall

The fast-food giant is struggling to retain customers domestically and abroad.
Katie Little
To Franchisees, McDonald's Arches Aren't Looking So Gold
McDonalds

To Franchisees, McDonald's Arches Aren't Looking So Gold

Slipping sales, negative momentum and ‘zero creativity' has franchisees worried, a new survey says.
Kate Taylor
Does the Franchise Industry Have a Turnover Problem?
Franchise

Does the Franchise Industry Have a Turnover Problem?

For every 10 new franchises that open in the U.S., nine close, according to a new report.
Kate Taylor
Franchise

A franchise is way for companies to expand its 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.  

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’s, Subway and Dominos. Starbucks, which is commonly thought to be a franchise, is not.

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

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