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

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.
Why China Is Just as Important as Breakfast in the Fast-Food Wars

Why China Is Just as Important as Breakfast in the Fast-Food Wars

While breakfast has been making headlines, there are other high-stakes areas where U.S. fast-food giants should be focused.
Franchise Players: How This CEO Manages 170 Franchised Locations Across 6 Brands

Franchise Players: How This CEO Manages 170 Franchised Locations Across 6 Brands

Tony Lutfi started his career in franchising as a cook at Jack in the Box. Now he owns 21 restaurants – plus five other brands.
Franchise Players: Veteran and Mother of Five on Refusing to Settle

Franchise Players: Veteran and Mother of Five on Refusing to Settle

After nine years in the military, Tai Jeffries refuses to settle for anything less than her male counterparts as a cleaning franchisee.
Meet the Real Estate Franchise Backed by Warren Buffett

Meet the Real Estate Franchise Backed by Warren Buffett

One of the first enterprises Buffett is allowing to use the Berkshire Hathaway brand name is a real-estate brokerage.
Why It Pays Big to Be an Early Adopter in Franchising

Why It Pays Big to Be an Early Adopter in Franchising

Getting in on the ground floor can lead to big things in a world where a relatively modest investment can turn into a profitable business.
How Social Franchising Is Bringing Jobs to the Developing World

How Social Franchising Is Bringing Jobs to the Developing World

The aid community is taking the efficiency and standardization of the franchise model any applying it toward philanthropic endeavors.
8 Totally Weird Fast-Food Items That Everyone Is Talking About

8 Totally Weird Fast-Food Items That Everyone Is Talking About

Fast-food chains have been trying to one-up each other with wacky offerings like the Waffle Taco and Chicken Corsage. Here are some of the weirdest items on the menu.
Franchise Players: Changing Careers to Provide Compassionate Caregiving

Franchise Players: Changing Careers to Provide Compassionate Caregiving

After her father's death, Jane Daume was inspired to become a franchisee for an in-home care business for seniors.
Drive-In-Loving Franchisees, Take Note: Sonic  to Open 1,000 Restaurants in Next 10 Years

Drive-In-Loving Franchisees, Take Note: Sonic to Open 1,000 Restaurants in Next 10 Years

The burger chain is eyeing an aggressive expansion plan over the next decade.
Franchise Players: I'm On My Own, But Not Alone

Franchise Players: I'm On My Own, But Not Alone

After years of self-employment, this franchisee wanted to get into business for himself but not by himself.
KFC to Bring Back the Infamous Double Down

KFC to Bring Back the Infamous Double Down

Hot on the heels of the drumstick corsage, KFC is bringing back the super-hyped Double Down.
Restaurant Job Growth Rebounds in March (Infographic)

Restaurant Job Growth Rebounds in March (Infographic)

After a grim February, restaurants once again ruled as the largest job creators in the franchise sector.
Our Top Homebased Franchises, No Office Space Required

Our Top Homebased Franchises, No Office Space Required

Lower startup costs -- sixty of these homebased companies can be started for less than $50,000 -- are just part of the reason for these businesses' popularity.
Franchise Players: How We Knew Which Franchise Was Best for Us

Franchise Players: How We Knew Which Franchise Was Best for Us

With a wealth of experience in corporate management, these Goddard School franchisees knew the right franchisor was key to success.
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