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

Pizza Hut's Biggest Franchisee Says Company Needs to Up Its Digital Game

Pizza Hut's Biggest Franchisee Says Company Needs to Up Its Digital Game

NPC International's net income dropped 77 percent in the first quarter. And it blames Pizza Hut's lack of digital innovation.
Franchise Players: After Opening 130 Dunkin' Donuts, They Added on Wings

Franchise Players: After Opening 130 Dunkin' Donuts, They Added on Wings

Even with 130 Dunkin' Donuts and six Wingstops, these wing kings aren't done yet.
Cinnaholic Says Cinnamon Buns Are the Next Cupcakes, And 'Shark Tank' Agrees

Cinnaholic Says Cinnamon Buns Are the Next Cupcakes, And 'Shark Tank' Agrees

The founders of Cinnaholic want to make their customizable cinnamon rolls a national brand. Here's how they snagged $200,000 on 'Shank Tank.'
Franchisees: How Well Do You Know Your State's Tax Code?

Franchisees: How Well Do You Know Your State's Tax Code?

If take-and-back pizza franchisees don't know their state's sales tax and food stamps laws, they can lose big.
Franchise Players: How This Franchisee Runs 200 Oil Change Shops

Franchise Players: How This Franchisee Runs 200 Oil Change Shops

Don Smith owns Valvoline franchises from coast to coast, with locations in 12 states with more than 1,000 employees.
Why 'Burgers for Breakfast' Is Actually a Win for Burger King

Why 'Burgers for Breakfast' Is Actually a Win for Burger King

Burger King is making burgers and fries available during breakfast hours at 5,000 restaurants in the US.
Will Franchising Ever Be as Sexy as Tech? Subway Thinks So.

Will Franchising Ever Be as Sexy as Tech? Subway Thinks So.

More and more millennials want to be entrepreneurs, but few describe franchising as their dream business. Here's how Subway is trying to change that.
Franchisees: The Do's and Don'ts of Social Media

Franchisees: The Do's and Don'ts of Social Media

Social media is a key way for franchisees to promote their business. Here are 12 big do's and don'ts.
McDonald's May Be Getting Into Seasoned Fries

McDonald's May Be Getting Into Seasoned Fries

McDonald's is mixing up its classic fries, testing shake-in seasoning packets.
Subway's Grand Plan to Take Over America

Subway's Grand Plan to Take Over America

Subway's vision of America's future: hummus, thinner slices of meat and 8,000 new U.S. shops.
Franchise Players: An Eco-Friendly Franchisee on Giving Back to His Community

Franchise Players: An Eco-Friendly Franchisee on Giving Back to His Community

Over one year after Hurricane Sandy, this Junkluggers franchisee is still helping his community recover.
Franchise Players: Playing the Long Game as a Cleaning and Restoration Franchisee

Franchise Players: Playing the Long Game as a Cleaning and Restoration Franchisee

This franchisee went from carpet cleaner to a top Rainbow International franchisee over the course of 27 years.
Franchise Players: Why Vets and Franchising Go Hand in Hand

Franchise Players: Why Vets and Franchising Go Hand in Hand

Hector Rodriguez tried to make on his own in the world of business. Then he realized as a franchisee he didn't have to work without support.
How Six Immigrant Entrepreneurs Transformed Dreams Into Businesses

How Six Immigrant Entrepreneurs Transformed Dreams Into Businesses

They came to the U.S. from China, Grenada, India, Haiti, Nigeria and the former Soviet Union. Now they own businesses in food service and product sales -- and helping other startups. See how they landed launch capital and met challenges.
Franchise Players: With Endless Mosquitoes, This Franchisee's Work Is Never Done

Franchise Players: With Endless Mosquitoes, This Franchisee's Work Is Never Done

In West Texas, mosquitoes are a constant curse. So, when Chad Armstrong opened a Mosquito Joe franchise, he knew he'd get plenty of business.
Franchise Players: This Franchisee Will Do Whatever it Takes to Provide for His Family

Franchise Players: This Franchisee Will Do Whatever it Takes to Provide for His Family

Sergio Nunez made a living washing dishes, delivering milk, making hotel beds, working in construction and more before becoming a franchisee.
Franchise Players: How This Mom Joined an Industry Dominated by Men

Franchise Players: How This Mom Joined an Industry Dominated by Men

Being one of the few women in the house-painting business hasn't scared off this ProTect Painters franchisee.
Franchise Players: Finding a Niche in a Crowded Market

Franchise Players: Finding a Niche in a Crowded Market

When this Homewatch CareGivers franchisee entered a crowded local market, he focused on the niche instead of the common.
Franchise Players: What 27 Years in the Franchise Industry Taught Me About Becoming a Franchisee

Franchise Players: What 27 Years in the Franchise Industry Taught Me About Becoming a Franchisee

Arnie Williams worked in the franchise industry on the corporate level for 27 years before investing in his own franchise.
Burger King Bets 'Subservient Chicken' Ad Campaign Will Go Viral Again

Burger King Bets 'Subservient Chicken' Ad Campaign Will Go Viral Again

Burger King is bringing back a bizarre campaign from 2004 in the hopes of striking ad gold twice.
Franchise Players: Franchising as the Perfect Side-Gig

Franchise Players: Franchising as the Perfect Side-Gig

After 12 years in banking and finance, Stephanie Hopkins decided she wanted to open her own business – without quitting her job.
How a Smaller Franchise Partnered With a Billion-Dollar Brand on the Flamin' Hot Cheetos Burrito

How a Smaller Franchise Partnered With a Billion-Dollar Brand on the Flamin' Hot Cheetos Burrito

Taco John's is hardly as big as Taco Bell, but it landed a big-name partner in burrito making.
Franchise Players: Turning to Franchising For Meaning, Not Validation

Franchise Players: Turning to Franchising For Meaning, Not Validation

Dan Roda became a Nurse Next Door franchisee after working in sales for 31 years in an effort to find a job that was fully meaningful.
Midlife Crisis? Ronald McDonald Gets a Makeover, Joins Twitter

Midlife Crisis? Ronald McDonald Gets a Makeover, Joins Twitter

On the heels of a disappointing earnings report, McDonald's announced its mascot is getting a new look and joining social media.
Franchise Players: This Former Stay-at-Home Mom Takes on Home Inspection Franchising

Franchise Players: This Former Stay-at-Home Mom Takes on Home Inspection Franchising

After nine years as a stay-at-home mom, Andrea Sammreich reentered the working world as a Pillar to Post Home Inspections franchisee.
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