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: How This Franchisee Found Love at a Carpet Cleaning Convention

Franchise Players: How This Franchisee Found Love at a Carpet Cleaning Convention

For this franchisee, franchising allowed her to serve others – and find the love of her life.
Kim Kardashian: Burger King's Newest Franchisee?

Kim Kardashian: Burger King's Newest Franchisee?

What do you get for the girl who has everything? If you're Kanye West, you get her 10 international Burger King locations.
Franchise Players: A Former Drill Sergeant Who Hopes to Help Other Vets Through Franchising

Franchise Players: A Former Drill Sergeant Who Hopes to Help Other Vets Through Franchising

After 24 years in the U.S. Army, Ron Adams put the skills he gained as a drill sergeant to use as a franchisee.
Why I Franchised: A Fitness Business That Looks Out for the Over-50 Crowd

Why I Franchised: A Fitness Business That Looks Out for the Over-50 Crowd

These franchisors took it upon themselves to provide somewhere for older gym-goers to get fit, founding Welcyon, Fitness After 50.
Franchise Players: How Electronic Retail Became a Family Business for This Boomer

Franchise Players: How Electronic Retail Became a Family Business for This Boomer

After working in electronics retail stores for years, Scott Meyers decided it was time to start his own family business.
Franchise Players: These Baby Boomers Got Into Franchising for Their Kids

Franchise Players: These Baby Boomers Got Into Franchising for Their Kids

When Brian and Karen Bourlier bought a Buffalo Wings & Rings franchise, they did it for their sons – not for themselves.
Restaurant Job Growth Plunges in February (Infographic)

Restaurant Job Growth Plunges in February (Infographic)

In February, franchised restaurants added only 1,390 new jobs, a sharp drop from recent months.
Cosi's Top Franchisee Is Now Its CEO

Cosi's Top Franchisee Is Now Its CEO

The struggling sandwich chain named its largest franchisee its new CEO, marking its fourth leadership switch in three years.
Franchise Players: There's No One Path to Becoming a Franchisee

Franchise Players: There's No One Path to Becoming a Franchisee

Prior to becoming an auto care franchisee, Nick Carpinello worked as a CPA, an equity investor and a controller of a software development company. Here's what he's learned.
McDonald's 'Sustainable Beef' Finally Has a Definition... Sort Of.

McDonald's 'Sustainable Beef' Finally Has a Definition... Sort Of.

What does 'sustainable beef' actually mean? Here's what we know so far.
Burger King to Let You Pay for Your Whopper by Smartphone

Burger King to Let You Pay for Your Whopper by Smartphone

Taking a page from Starbucks and Dunkin' Donuts, Burger King will reportedly introduce a mobile payment option in all U.S. locations.
Franchise Players: Don't Jump at the First Franchise You Like

Franchise Players: Don't Jump at the First Franchise You Like

Daniel Schrodt worked as a consultant on forestry and gardening for 20 years before jumping into the world of franchising.
Franchise Players: Burger Franchisee on How Not to Get Fried

Franchise Players: Burger Franchisee on How Not to Get Fried

A baby boomer with decades of experience in the franchise industry explains what franchisees should look for in a brand.
Take-and-Bake Pizza Chain Papa Murphy's Files for $70 Million IPO

Take-and-Bake Pizza Chain Papa Murphy's Files for $70 Million IPO

Hungry for investors, the franchisee-friendly pizza chain is getting ready for its public debut.
How the New Obama Overtime Rules Will Squelch Opportunity

How the New Obama Overtime Rules Will Squelch Opportunity

By making more workers eligible for overtime, the Obama Administration may be making the job market worse, not better.
Franchise Players: This Franchisee Caught the Business Bug in High School

Franchise Players: This Franchisee Caught the Business Bug in High School

Molly Martin has known since sophomore year of high school that she wanted to be an entrepreneur. Here's how made it happen as a Wireless Zone franchisee.
Why Health-Care Franchising Is Entering a Boom Time

Why Health-Care Franchising Is Entering a Boom Time

Enterprising businesspeople are finding that the franchise model can dispense routine medical services as efficiently as it delivers fried chicken or oil changes.
A Former College Basketball Coach on Building a Winning Franchise Investment

A Former College Basketball Coach on Building a Winning Franchise Investment

For this Sport Clips Haircuts franchisee, coaching a basketball team and running a franchise are more similar than you'd think.
Franchise Players: A Young Franchisee Brings Family's Lessons to Forever Yogurt

Franchise Players: A Young Franchisee Brings Family's Lessons to Forever Yogurt

Mit Patel draws inspiration from his family as he ventures out as his own franchisee.
Tesla's Direct-Sales Model Banned in New Jersey

Tesla's Direct-Sales Model Banned in New Jersey

In a victory for auto franchises, Tesla Motors has lost its right to sell vehicles in New Jersey.
Chili's Ups Its Marketing Game By Pushing Its Do-Good Social Programs

Chili's Ups Its Marketing Game By Pushing Its Do-Good Social Programs

The restaurant franchise released a video titled 'More Life Happens Here' promoting its charitable activities.
Franchise Players: A Pet Care Franchisee Changed Her Life at 21

Franchise Players: A Pet Care Franchisee Changed Her Life at 21

As a 21-year-old business novice, Lauren Morenz found meaning in her job as a Fetch! Pet Care franchisee.
Buying a Franchise? What to Look for in a Company's History

Buying a Franchise? What to Look for in a Company's History

The documents franchises offer tell part of the story, but franchisees need the full history before committing to anything.
Franchise Players: A Franchisee Explores the Developing Field of Vapor Stores

Franchise Players: A Franchisee Explores the Developing Field of Vapor Stores

As a tobacco outlet owner, Nathan Renschler saw the industry moving towards e-cigarettes, or vaping, and followed the growing trend.
Franchise Players: One Logistics Franchisee's 11 Keys to Franchising

Franchise Players: One Logistics Franchisee's 11 Keys to Franchising

Do something you love, find a balance and more advice from one BlueGrace Logistics franchisee.
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