Franchises

Want to Be a Successful Franchisee? Learn How to Rebound From Failure.
Franchise Players

Want to Be a Successful Franchisee? Learn How to Rebound From Failure.

An athlete's ability to come back from failure has been a useful skill for Beau Reed as a Mosquito Joe franchisee.
Kate Taylor
From Wall Street to Main Street: This Franchisee Is Generating Profits in a Whole New Way
Franchise Players

From Wall Street to Main Street: This Franchisee Is Generating Profits in a Whole New Way

Robert Shingleton moved from a $2 billion arbitrage portfolio to ownership of 14 sub sandwich restaurants, and he hasn't looked back.
Entrepreneur Staff
Chipotle Extends Benefits to All Employees
Chipotle

Chipotle Extends Benefits to All Employees

Hourly workers will now receive full tuition reimbursements, sick pay and paid vacations.
Kate Taylor
How Franchising Took This Business Into New Waters
Franchises

How Franchising Took This Business Into New Waters

After 30 years, a savvy business owner switched tactics, and things are going along swimmingly.
A Franchisee Couple Who Wanted to Make 'a Strong Impact' on People's Daily Lives
Franchise Players

A Franchisee Couple Who Wanted to Make 'a Strong Impact' on People's Daily Lives

Meghan and Court Fable enjoy the staffing business despite the challenge of having "no hours." They're always open.
Entrepreneur Staff
Today Is National Doughnut Day. Here's Where to Get Deals.
Free Offers

Today Is National Doughnut Day. Here's Where to Get Deals.

The most wonderful day of the year for doughnut lovers is upon us. Where will you get your sweet treat?
Kate Taylor
The Secret to Hitting a Home Run in the Hospitality Franchise Business
Franchise Players

The Secret to Hitting a Home Run in the Hospitality Franchise Business

Franchisee Bill Hooks says he's learned that you coach restaurants, you don't really manage them.
Entrepreneur Staff
Becoming a Franchisee as a 25-Year-Old Former College Athlete
Franchise Players

Becoming a Franchisee as a 25-Year-Old Former College Athlete

At age 25, Edison Cook decided it was time to fulfill his dream of owning his own business.
Kate Taylor
New Bill Seeks to Ban Noncompete Clauses for Low-Wage Workers
Employees

New Bill Seeks to Ban Noncompete Clauses for Low-Wage Workers

The bill aims to stop companies like Jimmy John's from forcing workers making under $15 per hour to sign contracts with non-competition clauses.
Kate Taylor
What Coaching Little League Taught Me About Running a Franchise
Franchise Players

What Coaching Little League Taught Me About Running a Franchise

Mike Weyer first visited Buffalo Wings & Rings during a baseball tournament. Now, he's a franchisee himself.
Kate Taylor
How Au Bon Pain's Executive Chef Puts Her Line Cook Experience to Good Use
Tastemakers

How Au Bon Pain's Executive Chef Puts Her Line Cook Experience to Good Use

Hands on doesn't even begin to describe Katherine See's job.
Kate Taylor
Chipotle Is Testing a New Menu Item
Chipotle

Chipotle Is Testing a New Menu Item

The burrito chain may be getting ready to introduce a new product to its famously simple menu.
Kate Taylor
A Pro Baseball Player Teams Up With His Dad to Open a Hometown Franchise
Franchise Players

A Pro Baseball Player Teams Up With His Dad to Open a Hometown Franchise

Years after sharing meals with his father at Beef 'O' Brady's as a kid, Drew Smyly and his dad decided to take over the hometown location of the franchise.
Kate Taylor

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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