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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

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
By the Numbers: A Look at the Franchise Economy (Infographic)

By the Numbers: A Look at the Franchise Economy (Infographic)

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This nifty infographic breaks down the state of the franchise economy in terms of jobs, growth, policy and what to expect in the coming year.
September 30, 2013 in Franchises
Wendy's Franchise Owner Launches a Big Training Initiative

Wendy's Franchise Owner Launches a Big Training Initiative

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While the entire Wendy's franchise goes through a reboot, one franchise owner is taking an extra step, cleaning out dead weight and hiring almost 500 well-trained workers to Michigan restaurants.
September 27, 2013 in Franchises
McDonald's to Scrap Soda From 'Happy Meal' Ads, Offer Healthy Sides in Value Meals

McDonald's to Scrap Soda From 'Happy Meal' Ads, Offer Healthy Sides in Value Meals

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McDonald's announced yesterday that it will advertise healthier options for Happy Meals and offer salad, fruits and vegetables as alternatives to fries.
September 27, 2013 in Franchises
Franchises Criticize War on Styrofoam as Expensive, Unproductive

Franchises Criticize War on Styrofoam as Expensive, Unproductive

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Portland, Maine, joins the list of cities mulling a ban on polystyrene - a move that small-business owners and franchisees say will unfairly increase costs.
September 26, 2013 in Franchises
Sandwich Chain Potbelly Files for $82.5 Million IPO

Sandwich Chain Potbelly Files for $82.5 Million IPO

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Potbelly has seen rapid growth, and franchises should become a bigger part of the mix after the IPO.
September 24, 2013 in Franchises
Burger King to Sell Healthier Fries Called 'Satisfries'

Burger King to Sell Healthier Fries Called 'Satisfries'

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Burger King is rolling out less-fattening French fries called 'Satisfries' but will still keep its traditional fries on the menu.
September 24, 2013 in Franchise Zone
High-Tech Vending Machines That Serve Healthy Snacks See Rapid Growth

High-Tech Vending Machines That Serve Healthy Snacks See Rapid Growth

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Two franchises are seeing rapid growth by offering consumers convenient and nutritious snacks in high-tech vending machines.
September 23, 2013 in Franchises
Reality TV Gives a Small Franchise a PR Boost

Reality TV Gives a Small Franchise a PR Boost

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An appearance on the CBS show 'Undercover Boss' gives a Mr. Appliance technician a moment in the spotlight.
September 20, 2013 in Franchises
4 Reasons Why You Need to Hire a Franchise Attorney

4 Reasons Why You Need to Hire a Franchise Attorney

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If you're looking to run a franchise, you need to do everything in your power to protect yourself legally. Here's some advice.
September 20, 2013 in Franchises
Tablets Soon to Become Tabletop Mainstays at Chili's

Tablets Soon to Become Tabletop Mainstays at Chili's

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Chili's is furnishing restaurants with tabletop tablets, hoping to drive sales and speed up the payment process.
September 19, 2013 in Payments & Collections
Krispy Kreme's Quirky 'Pirate' Promotion Lures Hungry Buccaneers

Krispy Kreme's Quirky 'Pirate' Promotion Lures Hungry Buccaneers

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Krispy Kreme's celebration of Talk Like a Pirate Day is attracting traffic both online and in the franchise's stores.
September 19, 2013 in Franchise Zone
Tell Us: Is Starbucks Wrong in Taking a Political Stand?

Tell Us: Is Starbucks Wrong in Taking a Political Stand?

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Starbucks CEO Howard Schultz's request that customers leave their guns at the door puts his company -- and by extension, his employees and franchisees -- behind this political issue.
September 18, 2013 in Franchises
Starbucks CEO Asks Customers Not to Bring Guns Into Stores

Starbucks CEO Asks Customers Not to Bring Guns Into Stores

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Starbucks CEO Howard Schultz wrote an open letter to customers saying the presence of weapons in its stores is 'unsettling and upsetting' to too many of its customers.
September 18, 2013 in Franchises
Franchise Sector Seen Growing Faster Than Broader Economy; Health Care, Regulation Top Franchisee Concerns

Franchise Sector Seen Growing Faster Than Broader Economy; Health Care, Regulation Top Franchisee Concerns

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While the franchise sector is forecast to grow faster than the broader economy, franchisees are concerned by increasing government regulations and pessimistic about the future of small business.
September 17, 2013 in Franchise Zone
Coming to 7-Eleven: Dry Roasted Edamame, Other Healthy Snacks

Coming to 7-Eleven: Dry Roasted Edamame, Other Healthy Snacks

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While the Slurpee will remain, the convenience franchise is now offering healthier snack options such as organic trail mix and soy nuts.
September 16, 2013 in Franchises
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