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

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.
5 Ways Tech Is Forever Changing Fitness Franchises

5 Ways Tech Is Forever Changing Fitness Franchises

With apps, wearable tech and the ability to micromanage franchisees across the country, tech is giving fitness chains new ways to flex their business muscle.
Introducing Entrepreneur's Top New Franchises to Watch

Introducing Entrepreneur's Top New Franchises to Watch

These 57 newbies all started franchising in the past five years.
KFC's Drumstick Corsages Are the Latest Quirky, Millennial-Targeted Fast-Food Experiment

KFC's Drumstick Corsages Are the Latest Quirky, Millennial-Targeted Fast-Food Experiment

In the ongoing battle to prove which fast-food chain 'gets' millennials the most, KFC is now selling corsages for prom
Franchise Players: This Customer Bought a Franchise to Save It From Closing

Franchise Players: This Customer Bought a Franchise to Save It From Closing

In a serious sign of customer loyalty, Akash Lal became the owner of his local go-to PostNet location to save it from shuttering its doors.
From Independent Business Owner to Franchisee

From Independent Business Owner to Franchisee

Don Robinson has been an independent restaurant owner -- twice -- but has come to the realization that being a franchisee plays to his strengths.
Franchise Players: International Hooters Franchisee on Taking the Business Worldwide

Franchise Players: International Hooters Franchisee on Taking the Business Worldwide

With Hooters locations from South Africa to Portland, Ore., Michael Pruitt knows how to make a brand go global.
The Real Reason Business Travelers Love Fast-Food (Hint: It's Not Because They're Big Mac Addicts)

The Real Reason Business Travelers Love Fast-Food (Hint: It's Not Because They're Big Mac Addicts)

A new report shows that the three restaurants business travelers expense the most are Starbucks, McDonald's and Panera Bread. Here's why.
Franchise Players: How This Popcorn Franchisee Gets Business Popping

Franchise Players: How This Popcorn Franchisee Gets Business Popping

Melanie Kittrell knows that people love popcorn. So, she's working to find new ways to sell it to eager customers.
Chick-fil-A Tries to Appeal to New Yorkers By Updating Image

Chick-fil-A Tries to Appeal to New Yorkers By Updating Image

The socially conservative chicken chain is expanding into urban locations in 2014, including New York City.
Franchise Players: Serving Up Sweet Tea at a Southern Franchise With a 'Radical Fan Base'

Franchise Players: Serving Up Sweet Tea at a Southern Franchise With a 'Radical Fan Base'

Bojangles' is known for having some of the most dedicated customers in the industry. Kristal Beaver would know -- she was one prior to becoming a franchisee.
Bankrupt Quiznos Settles With Franchisees in Cost Dispute

Bankrupt Quiznos Settles With Franchisees in Cost Dispute

The bankrupt sandwich chain has reached a settlement with 12 defunct franchisees who were suing the company for about $40 million.
Franchise Players: A 'College Hunk' Franchisee on Dealing With Red Tape

Franchise Players: A 'College Hunk' Franchisee on Dealing With Red Tape

Operating 'College Hunks' franchises across four states, Stephen Bienko has dealt with plenty of state regulations and red tape.
Why Dairy Queen Is Finally Opening Up in Manhattan

Why Dairy Queen Is Finally Opening Up in Manhattan

Dairy Queen is taking on the challenge of opening a franchise in the heart of New York City, with plans to open 35 to 50 more restaurants in the area.
Franchise Players: Married Burger Franchisees on Playing to Each Other's Strengths

Franchise Players: Married Burger Franchisees on Playing to Each Other's Strengths

After 30 years of experience outside the franchising industry, this couple now works together at Hwy 55 Burgers, Shakes & Fries.
Punching Above Its Weight, the Boutique Fitness Franchise Trend Is Taking Off

Punching Above Its Weight, the Boutique Fitness Franchise Trend Is Taking Off

The landscape may still be dominated by big-box gyms, but smaller more niche services are quickly gaining ground.
Umami Burger Founder's Latest Dish? Chocolate Fried Chicken

Umami Burger Founder's Latest Dish? Chocolate Fried Chicken

The founder of the LA burger joint-turned-national franchise is hoping to make similar magic with a new restaurant called ChocoChicken.
Franchise Players: How I Went From Fine Dining to Fast Casual

Franchise Players: How I Went From Fine Dining to Fast Casual

How this McAlister's franchisee went from owning an Italian fine dining restaurant to running 23 delis.
Franchise Players: Don't Expect to Make Money Right Away

Franchise Players: Don't Expect to Make Money Right Away

Franchising isn't for those trying to make a quick buck, says this sports league franchisee.
Why Athletes and Veterans Make Incredible Franchisees

Why Athletes and Veterans Make Incredible Franchisees

Hardworking, creative and team-oriented, military personnel and athletes have entrepreneurial skills that are an asset to any franchise.
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