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

How Baskin-Robbins Is Trying Not to Disappear

How Baskin-Robbins Is Trying Not to Disappear

Baskin-Robbins has been struggling in the U.S., but it's not giving up.
Franchise Players: One Woman's Long Journey to Become a Sylvan Learning Center Franchisee

Franchise Players: One Woman's Long Journey to Become a Sylvan Learning Center Franchisee

Once, Hillary Malone Tilton was a student at Sylvan Learning Center. Today, she runs 13 locations.
Franchise Players: From Making Minimum Wage to Running the Show as a CiCi's Pizza Franchisee

Franchise Players: From Making Minimum Wage to Running the Show as a CiCi's Pizza Franchisee

When she was 16, Dulce Luevano was making $5.15 working at CiCi's Pizza. Now, she owns her own shop.
Wendy's Sells 70 Restaurants in Dallas, Continuing Refranchising Effort

Wendy's Sells 70 Restaurants in Dallas, Continuing Refranchising Effort

As a part of a refranchising push to sell 415 restaurants to franchisees, Wendy's has sold 70 units in Dallas-Fort Worth.
Franchise Players: From Technician to 'All In' as a Car Care Franchisee

Franchise Players: From Technician to 'All In' as a Car Care Franchisee

When Pete Robinson started as an apprentice technician at a little auto shop, he had no idea he'd some day end up owning his own Meineke Car Center.
Avoid These 3 Simple Mistakes When Buying a Franchise

Avoid These 3 Simple Mistakes When Buying a Franchise

Owning a franchise can provide you the lifestyle, income and work balance you desire, but you need to be careful, as some opportunities are better than others.
 Starbucks Banned at Sochi? No Problem. NBC Finds a Way to Smuggle It In.

Starbucks Banned at Sochi? No Problem. NBC Finds a Way to Smuggle It In.

While Starbucks isn't an Olympic sponsor, NBC has managed to set up its own shop for coffee addicts.
Franchise Players: The Journey From Massage Therapist to Massage Franchisee

Franchise Players: The Journey From Massage Therapist to Massage Franchisee

For Jackie Martinez, Elements Massage has evolved from an outlet for her stress to an hourly job to her very own franchise.
Pizza for Proposals, Kisses for Burritos: 5 Chains With the Quirkiest Valentine's Day Deals

Pizza for Proposals, Kisses for Burritos: 5 Chains With the Quirkiest Valentine's Day Deals

Looking for low-cost dates this Valentine's Day? These five chains, including White Castle, Qdoba and Fazoli's, have you covered.
5 Tips for Finding the Perfect Franchise

5 Tips for Finding the Perfect Franchise

With dissatisfying careers and back-to-back layoffs, many people are choosing to take control of their personal and professional future by exploring franchise opportunities. Consider these five tips when looking at franchises.
Franchise Players: Serious Challenges Didn't Stop This Franchise Duo

Franchise Players: Serious Challenges Didn't Stop This Franchise Duo

It hasn't always been easy, but Rainbow Station franchisee power couple Parks Hunter and Michelle Mistele believe franchising is best done together.
Burger King's Refranchising Efforts Boost 2013 Results

Burger King's Refranchising Efforts Boost 2013 Results

Burger King reported today that its net income rose 99 percent this year as its refranchising initiative comes to a close.
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.
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