Franchises

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
How to Choose the Best Structure for Your Franchise Company
Franchises

How to Choose the Best Structure for Your Franchise Company

Learn the pros and cons of each franchise structures offers so you can pick the one that will work best for you.
Mark Siebert
What's Hot in Franchising? The Big Takeaways From Our Franchise 500 Ranking.
Franchise 500

What's Hot in Franchising? The Big Takeaways From Our Franchise 500 Ranking.

From hotels to fast food, a look at which sectors are powering the franchise world.
Entrepreneur Staff
Entrepreneur's Franchise 500: How We Decide Who Makes the Cut
Franchise 500

Entrepreneur's Franchise 500: How We Decide Who Makes the Cut

The companies that made our annual list were judged by their financial strength and stability, growth rate and size.
Entrepreneur Staff
Starbucks Whips Up New Drink for Its Menu
Starbucks

Starbucks Whips Up New Drink for Its Menu

Following the release of its flat white, an espresso released last year, the latte macchiato is causing a stir with a bold taste and signature look.
Lindsay Friedman
Other People's Trash Is How This Franchisee Makes His Treasure
Franchise Players

Other People's Trash Is How This Franchisee Makes His Treasure

Ed Stripay is going green -- and seeing green -- with his Junk King franchise.
Carly Okyle
Virginia Pharmacist Turns to Dry Cleaning as First-Time Franchisee
Franchise Players

Virginia Pharmacist Turns to Dry Cleaning as First-Time Franchisee

Krishna Gondi was always a fan of ZIPS Dry Cleaners. Now he owns one.
Erin Schultz
Beyond Franchising: 6 Ways to Expand Your Business
Small Business - Big Impact

Beyond Franchising: 6 Ways to Expand Your Business

Before you decide to franchise your business, check out these six other ways to grow your company.
Mark Siebert
How This Veteran Franchisee Connects Hotels, Waxing and Gyms
Franchise Players

How This Veteran Franchisee Connects Hotels, Waxing and Gyms

Whether it's waxing or hotels, Sheetal Dalwadi's processes and philosophies translate to happy customers and high profits.
Carly Okyle
When Visions of Sugarplums Dance, This Dental Fix Rx Franchisee Is on His Way
Franchise Players

When Visions of Sugarplums Dance, This Dental Fix Rx Franchisee Is on His Way

Philip May left a corporate career to own his own business, whose mobile vans fix dental equipment on-site and make all of us healthier.
Entrepreneur Staff
Retired Executive Finds Second Career Giving Back to His Community With Kona Ice
Franchise Players

Retired Executive Finds Second Career Giving Back to His Community With Kona Ice

This South Carolina man owns his own shaved ice truck and loves to help out local schools with part of his proceeds.
Erin Schultz
For This Franchisee, Every Day Is Christmas
Franchise Players

For This Franchisee, Every Day Is Christmas

Jason Paulk opened a Christmas Decor franchise so that he could run a business while keeping his jobs as a firefighter and paramedic.
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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