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

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.
Sbarro, a Food-Court Staple, May File for Bankruptcy as Early as Next Week

Sbarro, a Food-Court Staple, May File for Bankruptcy as Early as Next Week

If 2014 is the year fast-food pizza dies, Sbarro may be the first victim. According to reports, the chain is preparing to file for bankruptcy.
Franchise Players: How This Franchisee Turned Military Lessons Into Business Success

Franchise Players: How This Franchisee Turned Military Lessons Into Business Success

Andrew Wilson hasn't let the fact that he’s spent five of the last 10 years deployed slow him down as a franchisee.
Burger King Replaces Regular Fries With 'Satisfries' in Kid's Meals

Burger King Replaces Regular Fries With 'Satisfries' in Kid's Meals

The burger chain's lower-calorie fries will now serve as the standard fry in Burger King's Kid's Meals.
Franchise Players: Two Businessmen Who Teamed Up to Take On Foundation Repair

Franchise Players: Two Businessmen Who Teamed Up to Take On Foundation Repair

When these franchisees saw the challenges of constructing strong foundations, they decided to be part of the solution.
Olive Garden Undergoes 'Brand Renaissance' as Investors' Criticism Intensifies

Olive Garden Undergoes 'Brand Renaissance' as Investors' Criticism Intensifies

Yesterday, Olive Garden revealed a new logo and revamped restaurants. However, investors still want the chain to be cut off.
Franchise Players: From Piloting Planes to Fro-Yo Franchising

Franchise Players: From Piloting Planes to Fro-Yo Franchising

Here's how Paul Hornick went from working as a stunt pilot to owning four Red Mango frozen yogurt shops.
Local Pizza Chain Gets Huge Shoutout at Oscars

Local Pizza Chain Gets Huge Shoutout at Oscars

The Oscars had an unexpected star, thanks to Ellen DeGeneres ordering pizza for some of the biggest names in show business.
Franchise Players: We Put Our Home on the Line to Buy a Franchise

Franchise Players: We Put Our Home on the Line to Buy a Franchise

Josh Kattenberg knew buying a Real Property Management franchise would have its challenges. Here's how he faced them.
McDonald's Wants to Run More Tests on 'Build-Your-Own-Burger' Concept

McDonald's Wants to Run More Tests on 'Build-Your-Own-Burger' Concept

We'll soon see if McDonald's can keep fast food speedy and cheap while giving customers customization options.
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