Franchises

News and Articles About Franchises

A Franchise Who Learned to 'Network' in Much More Than a Computer Kind of Way
Franchise Players

A Franchise Who Learned to 'Network' in Much More Than a Computer Kind of Way

Bob Riesenbach imposed certain requirements on himself to escape his "quiet, introverted side" and find small business success.
Entrepreneur Staff
This Franchisee Has Long Been in the Telemarketing Biz, But His Heart 'Called Out' for Pretzels
Franchise Players

This Franchisee Has Long Been in the Telemarketing Biz, But His Heart 'Called Out' for Pretzels

"When you show up to a gathering with a party tray, you're the favorite person at the event," says David DuCoin of Philly Pretzel Factory's product.
Entrepreneur Staff
An Immigrant-Franchisee Who Truly Built His Home Healthcare Business From Nothing
Franchise Players

An Immigrant-Franchisee Who Truly Built His Home Healthcare Business From Nothing

Native Jordanian Omar Bataineh knows, more than most home-grown Americans, about the value of hard work.
Entrepreneur Staff
You Can No Longer Immediately Export Your Contacts From LinkedIn
Linkedin

You Can No Longer Immediately Export Your Contacts From LinkedIn

The website removed the tool to instantly download connections to an offline file.
Kate Taylor
McDonald's Turnaround Plan Hasn't Led to Positive Earnings Yet
McDonalds

McDonald's Turnaround Plan Hasn't Led to Positive Earnings Yet

The fast-food giant has a ways to go until it's the 'modern, progressive burger company' of its dreams.
Kate Taylor
Why This Doctor Decided to Become a Franchisee
Franchise Players

Why This Doctor Decided to Become a Franchisee

Dr. Samrah Mansoor's inflexible schedule in the world of medicine led her to the world of franchising.
Kate Taylor
New York Moves Closer to a $15 Minimum Wage for Fast-Food Employees
Minimum Wage

New York Moves Closer to a $15 Minimum Wage for Fast-Food Employees

A state-appointed panel has recommended a significant increase from $8.75 an hour.
Kate Taylor
The Longest-Running Pizza Hut in America Is Closing Up Shop
Pizza Hut

The Longest-Running Pizza Hut in America Is Closing Up Shop

After nearly 55 years in business, the Manhattan, Kan., location is shutting down.
Kate Taylor
The Secret Menu Items at Your Favorite Restaurant Chains
Franchises

The Secret Menu Items at Your Favorite Restaurant Chains

Here's what you should be ordering that isn't on the menu at Chipotle, Starbucks and Taco Bell.
Kate Taylor
What Serving as a Marine and NYPD Officer Taught Me About Franchising
Franchise Players

What Serving as a Marine and NYPD Officer Taught Me About Franchising

Brendan Ryan believes that military and police personnel are perfectly prepared for the franchise industry.
Kate Taylor
Chipotle Just Put an Official Price on Its Most Famous Secret Menu Item
Chipotle

Chipotle Just Put an Official Price on Its Most Famous Secret Menu Item

Many locations used to ring up the off-menu 'quesarito' as a regular burrito. Now, all locations will charge an extra $3.50.
Kate Taylor
The Benefits of Being a Company's Executive, Franchisee and Customer
Franchise Players

The Benefits of Being a Company's Executive, Franchisee and Customer

Nicole Carr wears many hats at Little Sunshine's Playhouse.
Kate Taylor
A 'Smooth,' Not to Mention, Sweet, Choice for a Franchise
Franchise Players

A 'Smooth,' Not to Mention, Sweet, Choice for a Franchise

"How awesome is it to be able to sell a product you are passionate about?" Quamisha Nelson says of her Smoothie King franchise.
Entrepreneur Staff
From Franchisor to a Competitor's Franchisee: How a Hooters Owner Bounced Back
Career Change

From Franchisor to a Competitor's Franchisee: How a Hooters Owner Bounced Back

Former Hooters owner is back in business at Twin Peaks.

Franchises are 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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