Franchises

How I Bought My First Franchise With a Tax Refund
Franchise Players

How I Bought My First Franchise With a Tax Refund

Coffee News' affordability was what first drew Lisa Shaw to the franchise.
Kate Taylor
How Franchises Are Democratizing Luxury
Small Business - Big Impact

How Franchises Are Democratizing Luxury

With affordable pricing, convenient locations and online scheduling systems, franchising is making health and beauty services accessible to all.
How This Restaurant Is Trying to Start a Poutine Craze Around the World
Franchisors

How This Restaurant Is Trying to Start a Poutine Craze Around the World

A Canadian franchise is taking poutine to the next gut-busting level.
Tapping Into My Creativity as a Bottle & Bottega Franchisee
Franchise Players

Tapping Into My Creativity as a Bottle & Bottega Franchisee

After 15 years in the financial services industry, Twylla Bell was ready for a career that allowed her to explore her creative side.
Kate Taylor
Ex-Subway Pitchman Jared Fogle to Plead Guilty to Sex With Minors, Child Porn
Subway

Ex-Subway Pitchman Jared Fogle to Plead Guilty to Sex With Minors, Child Porn

The former spokesman for the sandwich chain is expected to accept a plea deal on Wednesday.
Kate Taylor
Why Painting Is Personal for These Franchisees
Franchise Players

Why Painting Is Personal for These Franchisees

Here's how Jeremy and Jennifer Rhett's 15 years in franchising allowed them to found a non-profit organization.
Kate Taylor
How Siri Saved a Man's Life
iPhone

How Siri Saved a Man's Life

An 18-year-old in Tennessee used his iPhone to call 911 -- hands free -- while trapped under his truck.
Kate Taylor
Stepping Out of My Comfort Zone as a Beef Jerky Outlet Franchisee
Franchise Players

Stepping Out of My Comfort Zone as a Beef Jerky Outlet Franchisee

Steven and Dana Crane's only regret about becoming franchisees is that they didn't take the plunge sooner.
Kate Taylor
Starbucks' Pumpkin Spice Latte Will Finally Be Made With Real Pumpkin
Starbucks

Starbucks' Pumpkin Spice Latte Will Finally Be Made With Real Pumpkin

The PSL is actually living up to its name.
Kate Taylor
This Franchisee Honors Her Grandmother by Helping Seniors Stay Independent
Franchise Players

This Franchisee Honors Her Grandmother by Helping Seniors Stay Independent

By owning her own in-home care business, Brenda Gross is following in the footsteps of her father and grandfather, who were both entrepreneurs.
Entrepreneur Staff
For Hard Rock Cafe's Executive Chef, Authenticity Is the Key Ingredient
Tastemakers

For Hard Rock Cafe's Executive Chef, Authenticity Is the Key Ingredient

In his 21 years at the chain, chef Russell Booth has mixed food with rock and roll.
Kate Taylor
A Franchisee Who's Doggone Glad She Found a Business She Could 'Wuv'
Franchise Players

A Franchisee Who's Doggone Glad She Found a Business She Could 'Wuv'

Larisa Citsay of New Jersey loves being surrounded by furry friends as she grows her dog-boarding business.
Entrepreneur Staff
A Sign From Above Helped This Franchisee Select His Next Business Venture
Franchise Players

A Sign From Above Helped This Franchisee Select His Next Business Venture

Wanting his own printing business, Todd Fisher chose a franchise over an independent shop because of his industry's fast-evolving technology.
Entrepreneur Staff
Can You Guess Which 2 Presidential Candidates Inspired Pizza Hut Commercials in the '90s?
Politics

Can You Guess Which 2 Presidential Candidates Inspired Pizza Hut Commercials in the '90s?

The 2016 election is shaping up to be pretty cheesy.
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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