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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 Jobs Power 20 Percent of Total Private-Sector Growth in October (Infographic)

Franchise Jobs Power 20 Percent of Total Private-Sector Growth in October (Infographic)

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The franchise industry created 25,060 jobs in October, far exceeding the previous month's growth.
November 13, 2013 in Franchises
Photos: What I Learned From the Military: Business Lessons From 8 Veterans in Franchising

What I Learned From the Military: Business Lessons From 8 Veterans in Franchising

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This Veterans Day, veterans in franchising look back on what the military taught them about entrepreneurship.
November 11, 2013 in Franchises
Intel Engineer Shares Her Passion With the Next Generation

Intel Engineer Shares Her Passion With the Next Generation

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Shu-ling Garver started Engineering for Kids, a program that teaches the basics of engineering and design to kids.
November 7, 2013 in Franchises
Photos: 5 Stores That Have Already Started the Holiday Season

5 Stores That Have Already Started the Holiday Season

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Wal-Mart, Starbucks and more are getting a head start on the holiday season, with deals and promotions starting in early November.
November 4, 2013 in Sales
Return of the Deal: Restaurants See More Discount-Driven Traffic

Return of the Deal: Restaurants See More Discount-Driven Traffic

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After declining in 2012, the number of restaurant visits prompted by a deal or discount increased in 2013, reports The NPD Group.
October 31, 2013 in Franchises
Photos: 7 Tips for Women Who Want to Own a Franchise

7 Tips for Women Who Want to Own a Franchise

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In celebration of Women in Small Business Month, female franchise founders and CEOs share top advice and tips for women entering the franchise industry.
October 31, 2013 in Franchises
Women in Franchising: An Enthusiastic Minority

Women in Franchising: An Enthusiastic Minority

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Women in the franchising world are finding community and control in an industry where they remain a minority.
October 31, 2013 in Franchises
How a Franchise Owner Made Fast Food Local

How a Franchise Owner Made Fast Food Local

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Anthony Ackil, co-founder of the farm-to-table fast food company, tells us why local fast food needn't be an oxymoron.
October 30, 2013 in Growth Strategies
Photos: 10 Chains Scaring Up Business With Free Food & Other Halloween Deals

10 Chains Scaring Up Business With Free Food & Other Halloween Deals

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For these businesses, Halloween is about more than trick or treating, with deals designed to pull costumed customers into restaurants.
October 30, 2013 in Advertising
3 Types of Franchises That Make Great Family Businesses

3 Types of Franchises That Make Great Family Businesses

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If you're thinking of buying a franchise and want your family to be involved in running it, consider these options.
October 30, 2013 in Franchises
Burger King's Franchising Efforts Pay Off Big in 3Q

Burger King's Franchising Efforts Pay Off Big in 3Q

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Burger King's net income surged in the third quarter due to its franchising strategy and heavily-hyped products.
October 29, 2013 in Franchises
How Housing Franchises Got Back on Their Feet

How Housing Franchises Got Back on Their Feet

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The subprime mortgage crisis wreaked havoc on the U.S. housing market, but several franchises that operate in the sector managed to weather the storm.
October 23, 2013 in Franchises
What Does the Demise of the Dollar Menu Mean for Franchisees?

What Does the Demise of the Dollar Menu Mean for Franchisees?

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McDonaldÂ’s franchisees have long protested the burger chain's pricing moves. Will the new 'Dollar Menu & More' provide a solution?
October 22, 2013 in Franchises
Franchise Sector Adds 15,000 Jobs as Growth Continues to Outpace Broader Market (Infographic)

Franchise Sector Adds 15,000 Jobs as Growth Continues to Outpace Broader Market (Infographic)

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The franchise industry created over 15,000 new jobs in September, according to the ADP National Franchise Report.
October 17, 2013 in Franchises
Franchisees Suffer as Shutdown Hurts Sales, Expansion Plans

Franchisees Suffer as Shutdown Hurts Sales, Expansion Plans

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As the government shutdown stretches on, some franchisees find themselves lacking customers and in need of frozen SBA loans.
October 15, 2013 in Franchises
Why KFC's New Go Cup Is a Brilliant Business Idea -- Even If You Don't Like Fried Chicken

Why KFC's New Go Cup Is a Brilliant Business Idea -- Even If You Don't Like Fried Chicken

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KFC has found a new use for your car's cup holder -- a lesson to all innovators out there: You don't have to reinvent the wheel to come up with a good idea.
October 15, 2013 in Business Ideas
How the Franchise Industry Tapped Into the Craft Beer Trend

How the Franchise Industry Tapped Into the Craft Beer Trend

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By cutting out major food menus, these businesses let franchisees -- and their customers -- focus on what's truly important: what's in the glass.
October 11, 2013 in Franchises
How the Cruise Industry Can Overcome its Reputation Problem

How the Cruise Industry Can Overcome its Reputation Problem

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The cruise industry is awash in bad publicity. But franchisees have the resources needed to weather the storm.
October 10, 2013 in Franchises
Potbelly Shares Surge 120% in Market Debut

Potbelly Shares Surge 120% in Market Debut

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Potbelly more than doubled during its first day of trading, securing a spot as one of the top IPO debuts of 2013.
October 4, 2013 in Franchises
TapSnap Brings the Photo Booth Into The Digital Age

TapSnap Brings the Photo Booth Into The Digital Age

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Photo booths are making a comeback, and the founder of the DVDNow Kiosks franchise, has created a touchscreen, open-air 'booth' that's connected to social media.
October 4, 2013 in Franchises
The 3 Scariest Things About Owning a Franchise

The 3 Scariest Things About Owning a Franchise

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Owning a franchise can be a rewarding career path, but people need to be cognizant of the hard truths that come with it.
October 4, 2013 in Franchises
Photos: From Starbucks to Domino's: 6 Tasty Companies With Awesome Mobile Apps

From Starbucks to Domino's: 6 Tasty Companies With Awesome Mobile Apps

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If you're a big brand looking to get bigger, having a cool mobile app is one way to get customers talking. Here are six chains that are doing it right.
October 3, 2013 in Franchises
Huh? Burger King Teases That It's Changed Its Name to 'Fries King'

Huh? Burger King Teases That It's Changed Its Name to 'Fries King'

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The iconic hamburger chain has rebranded itself 'Fries King.' Or so it appears.
October 2, 2013 in Franchises
Hardee's to Open 200 Restaurants in Sweeping Return to the Northeast

Hardee's to Open 200 Restaurants in Sweeping Return to the Northeast

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Having exited the Northeast in the '90s, Hardee's is planning a comeback starting in New Jersey and New York.
October 1, 2013 in Franchises
Franchisees Fear Obamacare as Uncertainty Paralyzes Growth

Franchisees Fear Obamacare as Uncertainty Paralyzes Growth

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Franchisees are putting holds on expansion and cutting full-time employees in an attempt to temper expenses from health-care reform.
October 1, 2013 in Franchises
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