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

Franchise Players: How a Martial Arts Franchise Energized This Couple's Relationship

Franchise Players: How a Martial Arts Franchise Energized This Couple's Relationship

Pro Martial Arts franchisees John and Lisa Highberger talk consulting and communication.
Franchise Players: Terry and Lisa Jeffers on Running a Franchise With Your Spouse

Franchise Players: Terry and Lisa Jeffers on Running a Franchise With Your Spouse

Terry and Lisa Jeffers wanted a franchise that combined heart and business. Here's what you can learn about mixing marriage and franchising from this power couple.
Mushy Marketing Ploy: Pizza Hut Joins OKCupid

Mushy Marketing Ploy: Pizza Hut Joins OKCupid

Lonely this Valentine's Day? Pizza Hut is looking to settle down and has entered the dating market on OKCupid.
Franchise Players: How This Pizza Chain Power Couple Balances Business and Romance

Franchise Players: How This Pizza Chain Power Couple Balances Business and Romance

Phil and Denise Downing started as delivery drivers at Topper's Pizza in the late '90s. Here’s how they've grown closer as they've moved up the ranks.
The Difference Between a Business and a Brand

The Difference Between a Business and a Brand

How do you define what a brand is, and what does it take to get there?
Encouraged by Solid Year, Dunkin' Aims to Conquer New Markets

Encouraged by Solid Year, Dunkin' Aims to Conquer New Markets

The first year that Dunkin' has sold commitments in California, the company increased revenue 8.5 percent.
Subway to Remove Chemical From Sandwich Bread Following Blogger's Protest

Subway to Remove Chemical From Sandwich Bread Following Blogger's Protest

When it comes to fast food, this health blogger gets chains to make changes -- fast.
Franchise Players: Franchising Gave This Young b.good Owner Real-World Experience

Franchise Players: Franchising Gave This Young b.good Owner Real-World Experience

When Bill Zolper opened a b.Good franchise, his years studying entrepreneurship were put to the test.
Franchise Players: How This Franchisee Made Dumpsters a Family Business

Franchise Players: How This Franchisee Made Dumpsters a Family Business

James Spink wanted a job that allowed him to spend time with his wife and son. So, he joined the Bin There Dump That franchise family.
From Chipotle to Starbucks: 6 Chains That Do Mobile Apps Right

From Chipotle to Starbucks: 6 Chains That Do Mobile Apps Right

As Chipotle prepares to offer mobile payment, we take a look at six of the best mobile apps in the restaurant business.
Why 'Captain America' Types Make the Best Franchisees

Why 'Captain America' Types Make the Best Franchisees

Not everyone has the personality to be a franchisee. Here's what you should know before you make the jump.
Franchise Players: A Complete Nutrition Franchisee on Learning to 'Be the Boss'

Franchise Players: A Complete Nutrition Franchisee on Learning to 'Be the Boss'

Ashley Olson's employers turned into her biggest cheerleaders when she was chosen by Complete Nutrition's owners to open her own franchise.
Extreme Makeover, Franchise Style

Extreme Makeover, Franchise Style

A Bruster's store gets a prizewinning makeover.
Burger With A Side of Heroin? McDonald's Worker Found Selling Drugs in Happy Meals

Burger With A Side of Heroin? McDonald's Worker Found Selling Drugs in Happy Meals

A McDonald's employee in Pittsburgh was arrested for selling heroin to customers at the drive-thru.
Franchise Players: The Sweet Success and Brand Support of a Cinnabon Franchisee

Franchise Players: The Sweet Success and Brand Support of a Cinnabon Franchisee

A Q&A with Miguel Di Costanzo on what happened when his hard work caught the eye of his 'Undercover Boss.'
Southern Hospitality: Home Depot, Chick-Fil-A and Others Open Doors to Snow-Stranded Drivers

Southern Hospitality: Home Depot, Chick-Fil-A and Others Open Doors to Snow-Stranded Drivers

As a snowstorm turned Georgia and Alabama into a scene out of a zombie movie, businesses lent a helping hand.
Why Are These Franchisees Ganging Up Against the Biofuel Industry?

Why Are These Franchisees Ganging Up Against the Biofuel Industry?

Pizza Hut, KFC and Taco Bell franchisees are joining together on an unlikely issue: our nation's fuel supply.
Franchise Players: An Auntie Anne's Franchisee on the Importance of Seeking Advice

Franchise Players: An Auntie Anne's Franchisee on the Importance of Seeking Advice

Eleazar Puente, an Auntie Anne's franchisee, answers questions on motivation, challenges of franchising and more.
3 Lessons Learned From a Decade in Franchising

3 Lessons Learned From a Decade in Franchising

An editor reflects on her 10 years covering the world of franchising.
Franchise Industry Finishes Strong in 2013 (Infographic)

Franchise Industry Finishes Strong in 2013 (Infographic)

The U.S. added 30,250 franchise jobs in December, bringing the 2013 total to a whopping 229,000.
Don't Panic: There Will Definitely Be Enough Chicken Wings for the Super Bowl

Don't Panic: There Will Definitely Be Enough Chicken Wings for the Super Bowl

With the biggest weekend for wings consumption looming, the chicken industry and restaurants are ready.
This Major Franchise Just Announced a 3-Year Project With the White House

This Major Franchise Just Announced a 3-Year Project With the White House

As part of her 'Let's Move' initiative, Michelle Obama gets Subway to encourage children to eat more fruits and vegetables.
How Denny's Weirdness Wins the Social Media Game

How Denny's Weirdness Wins the Social Media Game

Denny's stands out in social media by breaking the rules-- and posting photos of pugs in seas of ranch dressing.
Is This the Year Fast-Food Pizza Disappears?

Is This the Year Fast-Food Pizza Disappears?

Domino's and Pizza Hut are attempting to compete with fast-casual rookies by upping quality and revamping design.
Franchising for Entrepreneurs: An Entrepreneur Growth Conference Panel Preview

Franchising for Entrepreneurs: An Entrepreneur Growth Conference Panel Preview

From answering "why franchising?" to facing the future of the industry, here's what to expect at Entrepreneur's Growth Conference's franchising panel.
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