Franchises

Creative Starbucks Barista Puts Some Love Into Valentine's Day-Themed Drinks
Franchises

Creative Starbucks Barista Puts Some Love Into Valentine's Day-Themed Drinks

We have a feeling these secret menu creations may not be so secret soon.
Lindsay Friedman
This Weed Man Smokes His Competition in the Lawn-Care Business
Franchise Players

This Weed Man Smokes His Competition in the Lawn-Care Business

The grass is certainly greener in Tom Maurer's world. This long-time landscaper recently received the highest award possible from a fast-growing national lawn-care franchise.
Erin Schultz
This Man Is Paving His Road to Success as a SealMaster Franchisee
Franchise Players

This Man Is Paving His Road to Success as a SealMaster Franchisee

The pavement products and equipment franchise is running smoothly for Darrel Stein.
Carly Okyle
The Minimum Wage Battle Is Here to Stay
Franchise 500

The Minimum Wage Battle Is Here to Stay

The fight will continue to drag on, state by state and city by city, over the next few years.
McDonald's Goes Head to Head With Labor Regulators
Franchises

McDonald's Goes Head to Head With Labor Regulators

The burger giant is accused of violating employee rights as a joint employer.
Lindsay Friedman
The Franchise World Finally Gets the Whole 'Big Data' Thing
Franchise 500

The Franchise World Finally Gets the Whole 'Big Data' Thing

Franchises are using big data to customize marketing, select locations and manage staffing.
Franchise Fees: The Money Question That Can Make or Break Your Franchise
Franchises

Franchise Fees: The Money Question That Can Make or Break Your Franchise

The single most important aspect of your business plan are the fees you charge your franchisees. Discover how to charge enough on the initial fee and royalties to make money without scaring away potential franchisees.
Mark Siebert
The Best and Worst Franchise Marketing Campaigns of 2015
Franchise 500

The Best and Worst Franchise Marketing Campaigns of 2015

Here are the campaigns that made us cringe, chuckle and, at times, collectively facepalm.
Why Franchising Was Key to Righting the Ship for This Boat Club
Franchise 500

Why Franchising Was Key to Righting the Ship for This Boat Club

With a motivated captain at the helm, a membership boating club has sailed up Entrepreneur's Franchise 500 rankings.
This Franchise Gives Hair Stylists a Salon of Their Own Without the High Costs
Franchise 500

This Franchise Gives Hair Stylists a Salon of Their Own Without the High Costs

Phenix offers hair stylists, manicurists and other beauty workers a suite where they can run their own show.
This Franchisee Has a 'Fix' on Business Success in the Lone Star State
Franchise Players

This Franchisee Has a 'Fix' on Business Success in the Lone Star State

Andrew Brown traces his interest in fixing appliances back to a broken refrigerator in his childhood. Today, he's a top franchisee with Mr. Appliance.
Entrepreneur Staff
How These Franchises Established a Company Culture That Works
Franchise 500

How These Franchises Established a Company Culture That Works

Company culture is more than flip-flops and Ping-Pong -- it's a critical strategy for helping define and maintain a consistent brand atmosphere among disparate groups of franchisees and staff.
How This Ex-Police Officer Found a Business in Cleaning Up Crime Scenes, Hoarders' Homes
Franchise 500

How This Ex-Police Officer Found a Business in Cleaning Up Crime Scenes, Hoarders' Homes

Laura Spaulding's act of kindness in 2005 led her to a revelation about crime-scene cleanup.
The Top 20 Fast-Food Franchises of 2016
Franchises

The Top 20 Fast-Food Franchises of 2016

Where does your favorite chain rank?
Carly Okyle

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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