Franchises

Olive Garden Will Soon Serve Up Breadstick Sandwiches
Olive Garden

Olive Garden Will Soon Serve Up Breadstick Sandwiches

The chain is adding chicken parm and meatball breadstick sandwiches to the menu. And yes, they come with unlimited breadsticks.
Kate Taylor
Free Cone Day Alert: Häagen-Dazs Is Giving Away Ice Cream Tomorrow
Ice Cream

Free Cone Day Alert: Häagen-Dazs Is Giving Away Ice Cream Tomorrow

Get a free kiddie ice cream at Häagen-Dazs on May 12, with new artisan flavors Chocolate Caramelized Oat and Banana Rum Jam.
Kate Taylor
This Franchisee Went From Laid-Off Employee to Accomplished Business Leader
Franchise Players

This Franchisee Went From Laid-Off Employee to Accomplished Business Leader

Steve Rattner's job loss was a blessing in disguise, allowing him to tap into his entrepreneurial potential and find his true passion.
5 Things You Must Know About Franchising -- But That You Won't Find Online
Franchises

5 Things You Must Know About Franchising -- But That You Won't Find Online

In order to get a full, three-dimensional view of which business is right for you, you'll have to look beyond the Internet.
Anna Wilds
Bowing to Pressure, Starbucks Quits Sourcing Water in Drought-Stricken California
Starbucks

Bowing to Pressure, Starbucks Quits Sourcing Water in Drought-Stricken California

The coffee chain plans to move production of Ethos Water from California to Pennsylvania.
Kate Taylor
Why These Young Entrepreneurs Entered the Homecare Industry
Franchise Players

Why These Young Entrepreneurs Entered the Homecare Industry

Jennifer Wilmoth's childhood hospital stays helped inspire her to team up with Yohan Kim to open a BrightStar Care location.
Kate Taylor
We Tested Chipotle and McDonald's New Delivery Services. Here's What Happened.
Delivery

We Tested Chipotle and McDonald's New Delivery Services. Here's What Happened.

With both chains recently teaming up with Postmates to offer delivery for the first time, we decided to see who came out on top in the battle of the brands.
Kate Taylor
Woman Escapes Hostage Situation Through Ingenious Use of the Pizza Hut App
Apps

Woman Escapes Hostage Situation Through Ingenious Use of the Pizza Hut App

An urban legend became high-tech reality this week when a quick-thinking mom sent out a cry for help through a pizza-delivery app.
Kate Taylor
Sometimes the Best Business Opportunities Are Not the Most Obvious Ones
Franchise Players

Sometimes the Best Business Opportunities Are Not the Most Obvious Ones

For this veteran couple, becoming Window Genie franchisees is the perfect post-military career.
Kate Taylor
Pizza Hut Is Testing Uber-Esque Delivery Tracking Tech
Pizza Hut

Pizza Hut Is Testing Uber-Esque Delivery Tracking Tech

The pizza chain is testing a tracker that lets customers know exactly where their orders are at nearly 80 locations in Texas.
Kate Taylor
Starbucks Seeking New Sources for Water Bottled in Drought-Stricken California
Starbucks

Starbucks Seeking New Sources for Water Bottled in Drought-Stricken California

Ethos Water has a noble mission of funding water and sanitation programs in other countries, but its source is reportedly water-deprived California.
Kate Taylor
McDonald's to Refranchise 3,500 Restaurants Worldwide
McDonalds

McDonald's to Refranchise 3,500 Restaurants Worldwide

The chain will go from 81 percent franchised to 90 percent franchised in the next three years.
Kate Taylor
I Wanted to Work to Improve My Life – Not My Employer's
Franchise Players

I Wanted to Work to Improve My Life – Not My Employer's

Cindi Garabedian spills on why she decided to become Studio Barre's first franchisee.
Kate Taylor
The 4 Things You Need to Know About McDonald's Turnaround Plan
McDonalds

The 4 Things You Need to Know About McDonald's Turnaround Plan

Delivery, refranchising and a new organizational structure – here are the hard facts on how McDonald's wants to fix a broken system.
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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