Franchise

Franchise Players: A Former JAG Officer on Finding the Right Fit
Franchise Players

Franchise Players: A Former JAG Officer on Finding the Right Fit

Lorna Ross knew she wanted to run her own business. With the help of a franchise consultant, she was able to become a ShelfGenie franchisee with confidence.
Kate Taylor
California Governor Vetoes Bill That Would Expand Franchisee Rights
Franchise

California Governor Vetoes Bill That Would Expand Franchisee Rights

Franchisors and franchisees are divided over the veto of a California bill that would make it more difficult to terminate franchise agreements.
Kate Taylor
Franchise Players: A Franchising Power Couple on Making Tough Decisions
Franchise Players

Franchise Players: A Franchising Power Couple on Making Tough Decisions

This husband-wife duo doesn't believe there is such thing as working too hard, as co-franchisees of two BrightStar Care franchises.
Kate Taylor
Franchise Players: From Translator to Franchisee at a Tax Franchise
Franchise Players

Franchise Players: From Translator to Franchisee at a Tax Franchise

Dulce Cuevas has worked nearly every position possible at Liberty Tax: translator, bilingual tax preparer, tax school instructor, manager and finally multi-unit franchisee.
Kate Taylor
Flat Year for Fast-Food Is Bad News for the Restaurant Business
Restaurants

Flat Year for Fast-Food Is Bad News for the Restaurant Business

While fine dining visits were up 3 percent from last year, quick-service restaurants fell flat.
Kate Taylor
Franchise Players: From Waiting Tables to Running a Healthy Vending Machine Franchise
Franchise

Franchise Players: From Waiting Tables to Running a Healthy Vending Machine Franchise

After working his way up from waiter to franchise owner at Outback Steakhouse, Cecil Tyrell Whisenton decided to try his hand at healthy vending franchising.
Kate Taylor
Franchise Industry Strikes Back at NLRB's 'Joint Employer' Decision
Franchise

Franchise Industry Strikes Back at NLRB's 'Joint Employer' Decision

The NLRB's recent ruling has the potential to tear the franchise model apart at the seams. So, franchisors and franchisees are taking action.
Kate Taylor
Franchise Players: A Layoff Leads to a New Job as Franchisee
Franchise Players

Franchise Players: A Layoff Leads to a New Job as Franchisee

Kevin Ortner became Renters Warehouse first franchisee because he believed the young company could bring something fresh to the industry.
Kate Taylor
Franchise Players: A Junk Franchise That Only Sells to Veteran Franchisees
Franchise Players

Franchise Players: A Junk Franchise That Only Sells to Veteran Franchisees

JDog Junk Removal has one big prerequisite for every potential franchisee: they must be a military veteran.
Kate Taylor
Before You Jump Into the World of Franchises, Ask Yourself These 5 Questions
Franchise

Before You Jump Into the World of Franchises, Ask Yourself These 5 Questions

Think proven concept, not big brand, when buying a franchise.
Rick Bisio
Franchise Players: Finding a Franchise With a 'Family' Feel
Franchise Players

Franchise Players: Finding a Franchise With a 'Family' Feel

When Nathan Coombs retired from the military, DreamMaker Bath and Kitchen's company culture convinced him that the franchise was the right fit.
Kate Taylor
Franchise Players: Franchising Instead of 'Reinventing the Wheel'
Franchise Players

Franchise Players: Franchising Instead of 'Reinventing the Wheel'

Even though Steve Ferguson works with an established concept as a U.S. Lawns franchisee, his relationship building skills have helped him land $1 million in annual billings.
Kate Taylor
5 of the Wackiest Fast-Food Lawsuits Ever
Franchises

5 of the Wackiest Fast-Food Lawsuits Ever

Some of these lawsuits are hard to swallow, but justice can be sweet.
Carly Okyle
Activist Investor Tells Olive Garden to Google 'How to Cook Pasta'
Olive Garden

Activist Investor Tells Olive Garden to Google 'How to Cook Pasta'

Starboard Value published a snarky, almost 300-page presentation telling Darden Restaurants how to mend the struggling Olive Garden brand.
Kate Taylor
Franchise

A franchise is way for companies to expand their business by licensing the rights to third-party retailers or individuals -- or franchisees -- who then can use the franchise’s logo, name and business model.  

There are three different kinds of franchises. They include:

  • Distributorships, such as with Toyota, which licenses the right for a third party to sell the parent company product.

  • Trademark licensing, which allows companies to buy the right to use the parent company’s trademark along with their own brand, such as what Coca-Cola licenses to other companies.

  • Business format franchises, such as Subway, which offer its franchisees the right to sell its goods and/or services using its business model.

Popular franchises: Some examples of popular and well-known franchise models are in the food industry -- many which have gone international -- such as McDonald’sSubway and DominosStarbucks, which is commonly thought to be a franchise, is not. 

For more information about top franchise businesses, check out Entrepreneur's "2015 Franchise 500 Rankings," or get the Entrepreneur Franchise 500.  

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