Franchise

Helping Cancer Survivors as a Spa Franchisee
Franchise Players

Helping Cancer Survivors as a Spa Franchisee

As a Hand & Stone spa franchisee, Julie Bulatovic spearheaded a program to provide oncology treatments to people with cancer and their families.
Kate Taylor
Will Tesla Have to Franchise?
Tesla

Will Tesla Have to Franchise?

Elon Musk has hinted that Tesla may be considering a departure from the direct sales model, something industry insiders consider inevitable.
Kate Taylor
This Wings-Loving Regular Became a Franchisee to Save His Favorite Restaurant From Closing Up Shop
Franchise Players

This Wings-Loving Regular Became a Franchisee to Save His Favorite Restaurant From Closing Up Shop

When Chad Ragland heard the restaurant's owners were selling their Wild Wing Cafe location, he knew he had to take action.
Kate Taylor
An Artist Opens Up Her Own Paint-and-Sip Franchise
Franchise Players

An Artist Opens Up Her Own Paint-and-Sip Franchise

Working as an artist instructor at a Pinot's Palette studio convinced Emma Harvey to establish her own location.
Kate Taylor
The Big Lessons I Learned From My First Entrepreneurial Job
Entrepreneurs

The Big Lessons I Learned From My First Entrepreneurial Job

A painting enterprise during college provides illuminating insights for a business leader.
Miles Jennings
Burger King Introduces Another Stomach-Turning Burger in Japan
Burger King

Burger King Introduces Another Stomach-Turning Burger in Japan

A burger topped with berries is the latest of Burger King Japan's bizarre fast food offerings.
Kate Taylor
Why I Left My Fast-Food Operations Job to Open a Franchise of My Own
Franchise Players

Why I Left My Fast-Food Operations Job to Open a Franchise of My Own

After 34 years in the restaurant industry, Bryan Rhodes decided to open his own Window Genie franchise.
Kate Taylor
From Pro Football to Fitness Franchisee
Franchise Players

From Pro Football to Fitness Franchisee

Here's how this former NFL player became a Snap Fitness franchise owner.
Kate Taylor
Why This Startup Co-Founder Became a Franchisee
Franchise Players

Why This Startup Co-Founder Became a Franchisee

One would think raising three kids and acting as CMO for a tech startup would be enough of a challenge, but Riza Ayson wanted more.
Kate Taylor
How I Opened a Franchise With My Future Father-in-Law
Franchise Players

How I Opened a Franchise With My Future Father-in-Law

At age 26, Paul Dalrymple decided to open a Buffalo's Cafe with a business partner who would eventually become his father-in-law. They now co-own five locations.
Kate Taylor
Family of Restaurateurs Sign On as Senior Care Franchisees
Franchise Players

Family of Restaurateurs Sign On as Senior Care Franchisees

The Savoie family serves their community through entrepreneurship, whether they are running restaurants or operating Executive Care franchises.
Kate Taylor
Why It's Key for Franchisees to Have an Exit Strategy
Franchise

Why It's Key for Franchisees to Have an Exit Strategy

You may not realize it when you buy a franchise, but franchising is a journey. And, every journey must eventually come to an end.
Joel Hall
McDonald's Goes 12 Months Without U.S. Sales Growth; Execs Promise Customization and 'Convenient' Payments
McDonalds

McDonald's Goes 12 Months Without U.S. Sales Growth; Execs Promise Customization and 'Convenient' Payments

Even though McDonald's same-stores sales declined in October, the fast-food chain was able to beat analysts' expectations.
Kate Taylor
Why This Pastor and Father of 4 Opened Up a Sandwich Franchise
Franchise Players

Why This Pastor and Father of 4 Opened Up a Sandwich Franchise

Jerry Lewin discovered franchising as a new way to help people, while continuing his work as a pastor.
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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